Quanex Building Products (NYSE:NX) Announces Earnings Results, Beats Estimates By $0.03 EPS

Quanex Building Products (NYSE:NX) issued its quarterly earnings results on Thursday. The construction company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03, RTT News reports. Quanex Building Products had a net margin of 7.33% and a return on equity of 16.55%. The company had revenue of $280.35 million during the quarter, compared to the consensus estimate of $278.00 million. During the same period in the prior year, the company earned $0.97 EPS. Quanex Building Products updated its FY 2024 guidance to EPS.

Quanex Building Products Trading Up 21.8 %

NYSE:NX opened at $30.29 on Friday. The stock has a fifty day simple moving average of $28.68 and a 200 day simple moving average of $32.04. The company has a quick ratio of 1.37, a current ratio of 2.22 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 0.77 and a beta of 1.27. Quanex Building Products has a 1-year low of $24.85 and a 1-year high of $39.31.

Quanex Building Products Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Monday, September 16th. Quanex Building Products’s dividend payout ratio (DPR) is presently 13.11%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Quanex Building Products from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 20th.

About Quanex Building Products

Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry in the United States, rest of Europe, Canada, Asia, the United Kingdom, and internationally. The company operates through three segments: North American Fenestration, European Fenestration, and North American Cabinet Components.