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

Quanex Building Products (NYSE:NX) released its earnings results on Thursday. The construction company reported $0.61 earnings per share for the quarter, beating the consensus estimate 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%. During the same quarter in the prior year, the company posted $0.95 EPS.

Quanex Building Products Stock Performance

Shares of Quanex Building Products stock opened at $28.91 on Friday. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.09. The stock’s fifty day moving average is $29.60 and its two-hundred day moving average is $29.06. Quanex Building Products has a 52 week low of $24.85 and a 52 week high of $39.31. The company has a market capitalization of $1.37 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 0.93 and a beta of 1.24.

Quanex Building Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Monday, December 16th. Quanex Building Products’s dividend payout ratio is currently 14.22%.

Analysts Set New Price Targets

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

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.