Quanex Building Products (NYSE:NX) released its quarterly earnings results on Wednesday. The construction company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04, Briefing.com reports. The firm had revenue of $240.37 million for the quarter, compared to the consensus estimate of $240.53 million. Quanex Building Products had a positive return on equity of 6.69% and a negative net margin of 1.03%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 EPS. Quanex Building Products updated its FY 2020
After-Hours guidance to EPS.
Quanex Building Products stock opened at $19.75 on Thursday. The company has a market capitalization of $647.99 million, a price-to-earnings ratio of 30.38 and a beta of 1.22. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.17 and a current ratio of 2.15. Quanex Building Products has a fifty-two week low of $12.59 and a fifty-two week high of $19.96. The stock has a fifty day moving average of $19.12 and a two-hundred day moving average of $18.15.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Friday, December 13th. Quanex Building Products’s payout ratio is 49.23%.
A number of research firms recently issued reports on NX. Zacks Investment Research upgraded Quanex Building Products from a “sell” rating to a “hold” rating in a research note on Thursday. CJS Securities downgraded Quanex Building Products from an “outperform” rating to a “market perform” rating and set a $20.00 price target on the stock. in a research note on Tuesday.
About Quanex Building Products
Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry worldwide. It operates through three segments: North American Engineered Components, European Engineered Components, and North American Cabinet Components. The company offers flexible insulating glass spacers, extruded vinyl profiles, window and door screens, and precision-formed metal and wood products, as well as cabinet doors and other components for original equipment manufacturers (OEMs) in the kitchen and bathroom cabinet industry.
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