Quanex Building Products (NYSE:NX) Announces Quarterly Earnings Results

Quanex Building Products (NYSE:NX) posted its quarterly earnings data on Thursday. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.03, RTT News reports. The business had revenue of $280.35 million for 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 Stock Performance

Shares of NX stock opened at $30.29 on Friday. The business has a 50 day simple moving average of $28.68 and a 200 day simple 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 capitalization of $1.00 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth 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 Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered 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.