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. The company had revenue of $280.35 million during the quarter, compared to the consensus estimate of $278.00 million. Quanex Building Products had a net margin of 7.33% and a return on equity of 16.55%. 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 Stock Up 21.8 %

Shares of Quanex Building Products stock traded up $5.43 on Friday, hitting $30.29. 2,424,339 shares of the company traded hands, compared to its average volume of 319,713. The company has a quick ratio of 1.37, a current ratio of 2.22 and a debt-to-equity ratio of 0.09. Quanex Building Products has a 12-month low of $24.85 and a 12-month high of $39.31. The company has a 50-day moving average price of $28.68 and a 200 day moving average price of $32.04. The company has a market cap of $1.00 billion, a PE ratio of 12.41, a PEG ratio of 0.77 and a beta of 1.27.

Quanex Building Products Dividend Announcement

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

Analyst Upgrades and Downgrades

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