Equities research analysts expect that Quanex Building Products Co. (NYSE:NX) will announce sales of $193.30 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Quanex Building Products’ earnings, with estimates ranging from $190.60 million to $196.00 million. Quanex Building Products reported sales of $195.10 million during the same quarter last year, which indicates a negative year-over-year growth rate of 0.9%. The firm is expected to issue its next quarterly earnings results after the market closes on Monday, March 5th.
On average, analysts expect that Quanex Building Products will report full year sales of $193.30 million for the current fiscal year, with estimates ranging from $893.30 million to $895.00 million. For the next fiscal year, analysts expect that the business will post sales of $928.35 million per share, with estimates ranging from $927.50 million to $929.20 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Quanex Building Products.
Quanex Building Products (NYSE:NX) last released its quarterly earnings results on Monday, December 11th. The construction company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.08. Quanex Building Products had a net margin of 2.16% and a return on equity of 7.00%. The business had revenue of $233.00 million for the quarter, compared to analyst estimates of $232.47 million. During the same period in the previous year, the company earned $0.45 earnings per share. The business’s revenue for the quarter was down 6.5% on a year-over-year basis.
Quanex Building Products (NYSE NX) traded up $0.10 during midday trading on Thursday, reaching $18.60. 95,512 shares of the company’s stock traded hands, compared to its average volume of 184,215. The company has a quick ratio of 0.98, a current ratio of 1.80 and a debt-to-equity ratio of 0.54. Quanex Building Products has a fifty-two week low of $17.45 and a fifty-two week high of $24.60. The stock has a market capitalization of $652.30, a price-to-earnings ratio of 35.09 and a beta of 0.57.
In other news, VP Dewayne Williams sold 8,100 shares of Quanex Building Products stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $23.36, for a total transaction of $189,216.00. Following the completion of the sale, the vice president now directly owns 16,672 shares in the company, valued at $389,457.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Kevin P. Delaney sold 50,400 shares of Quanex Building Products stock in a transaction on Friday, December 15th. The stock was sold at an average price of $24.02, for a total transaction of $1,210,608.00. Following the sale, the senior vice president now owns 111,527 shares of the company’s stock, valued at $2,678,878.54. The disclosure for this sale can be found here. Insiders have sold 78,921 shares of company stock valued at $1,861,684 over the last quarter. Insiders own 5.32% of the company’s stock.
Large investors have recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of Quanex Building Products during the fourth quarter worth $221,000. Millennium Management LLC acquired a new position in Quanex Building Products during the fourth quarter valued at $223,000. Wolverine Trading LLC acquired a new position in Quanex Building Products during the third quarter valued at $231,000. Teacher Retirement System of Texas acquired a new position in Quanex Building Products during the fourth quarter valued at $248,000. Finally, Aperio Group LLC acquired a new position in Quanex Building Products during the fourth quarter valued at $254,000. Institutional investors and hedge funds own 98.83% of the company’s stock.
Quanex Building Products Company Profile
Quanex Building Products Corporation manufactures components for original equipment manufacturers (OEM) in the building products industry. The Company’s components can be categorized as window and door (fenestration) components, and kitchen and bath cabinet components. The Company operates through three segments: North American Engineered Components (NA Engineered Components), which consists of four operating segments primarily focused on the fenestration market in North America manufacturing vinyl profiles, insulating glass (IG) spacers, screens and other fenestration components; European Engineered Components (EU Engineered Components), which consists of the United Kingdom-based vinyl extrusion business, manufacturing vinyl profiles and conservatories, and the European insulating glass business manufacturing IG spacers, and North American Cabinet Components (NA Cabinet Components), which consists of the North American cabinet door and components business.
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