Quanex Building Products (NYSE:NX) Announces Earnings Results

Quanex Building Products (NYSE:NX) released its quarterly earnings data on Thursday. The construction company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.70 by $0.03, RTT News reports. Quanex Building Products had a return on equity of 16.55% and a net margin of 7.33%. The business had revenue of $280.35 million for the quarter, compared to analyst estimates of $278.00 million. During the same quarter in the prior year, the firm posted $0.97 EPS. Quanex Building Products updated its FY 2024 guidance to EPS.

Quanex Building Products Stock Up 21.8 %

Shares of NYSE:NX opened at $30.29 on Friday. Quanex Building Products has a 52-week low of $24.85 and a 52-week high of $39.31. 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 business has a fifty day moving average of $28.68 and a two-hundred day moving average of $32.04. The stock has a market cap of $1.00 billion, a P/E ratio of 12.41, a PEG ratio of 0.77 and a beta of 1.27.

Quanex Building Products Dividend Announcement

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

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Quanex Building Products from a “strong-buy” rating to a “buy” rating in a research report 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.