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

Quanex Building Products (NYSE:NX) announced its quarterly earnings results on Thursday. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $280.35 million for the quarter, compared to the consensus estimate of $278.00 million. During the same quarter in the previous year, the business earned $0.97 EPS. Quanex Building Products updated its FY 2024 guidance to EPS.

Quanex Building Products Stock Performance

Shares of NYSE:NX traded up $5.43 during trading on Friday, hitting $30.29. The company’s stock had a trading volume of 2,424,339 shares, compared to its average volume of 319,713. The company has a 50-day moving average of $28.68 and a 200-day moving average of $32.04. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.22 and a quick ratio of 1.37. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 12.41, a P/E/G ratio of 0.77 and a beta of 1.27. Quanex Building Products has a 12 month low of $24.85 and a 12 month high of $39.31.

Quanex Building Products Announces Dividend

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 given a $0.08 dividend. The ex-dividend date is Monday, September 16th. This represents a $0.32 annualized dividend and a yield of 1.06%. Quanex Building Products’s payout ratio is 13.11%.

Wall Street Analysts Forecast Growth

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