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

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

Quanex Building Products Trading Up 21.8 %

Shares of Quanex Building Products stock opened at $30.29 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.37 and a current ratio of 2.22. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 0.77 and a beta of 1.27. The stock has a 50 day moving average of $28.68 and a 200 day moving average of $32.04. Quanex Building Products has a fifty-two week low of $24.85 and a fifty-two week high of $39.31.

Quanex Building Products Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Quanex Building Products Company Profile

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.