Quanex Building Products (NYSE:NX) Releases Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Quanex Building Products (NYSE:NX) posted its quarterly earnings data on Thursday. The construction company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.08, Zacks reports. Quanex Building Products had a return on equity of 14.68% and a net margin of 6.88%.

Quanex Building Products Stock Down 1.5 %

Shares of Quanex Building Products stock traded down $0.44 during midday trading on Thursday, reaching $28.91. 577,966 shares of the company’s stock traded hands, compared to its average volume of 352,156. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.58 and a current ratio of 2.36. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 0.91 and a beta of 1.24. Quanex Building Products has a 52 week low of $24.85 and a 52 week high of $39.31. The company’s 50 day simple moving average is $29.55 and its 200 day simple moving average is $29.06.

Quanex Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Monday, December 16th. Quanex Building Products’s dividend payout ratio (DPR) is presently 14.22%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $38.00 target price on shares of Quanex Building Products in a research report on Wednesday, September 11th. StockNews.com raised Quanex Building Products from a “hold” rating to a “buy” rating in a research note on Friday, December 6th.

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.