Quanex (NYSE:NX) Posts Earnings Results, Beats Estimates By $0.06 EPS

Quanex (NYSE:NX) issued its earnings results on Monday, March 5th. The construction company reported ($0.04) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.06, Bloomberg Earnings reports. The firm had revenue of $191.70 million for the quarter, compared to analyst estimates of $189.95 million. Quanex had a return on equity of 6.72% and a net margin of 3.17%. Quanex’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.04) earnings per share.

Quanex stock traded down $0.10 during mid-day trading on Thursday, hitting $17.30. The company had a trading volume of 113,980 shares, compared to its average volume of 224,944. The company has a current ratio of 1.93, a quick ratio of 0.90 and a debt-to-equity ratio of 0.51. Quanex has a 12-month low of $16.50 and a 12-month high of $24.60. The firm has a market cap of $604.97, a PE ratio of 22.50 and a beta of 0.74.

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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a $0.04 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.16 annualized dividend and a yield of 0.92%. Quanex’s dividend payout ratio is presently 20.51%.

A number of equities research analysts recently commented on the company. Zacks Investment Research lowered Quanex from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 1st. TheStreet lowered Quanex from a “b-” rating to a “c” rating in a research report on Monday, March 5th. Finally, Wedbush lowered Quanex from an “outperform” rating to a “neutral” rating and set a $25.00 price objective on the stock. in a research report on Monday, December 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $22.50.

In other news, Director Joseph D. Rupp sold 10,000 shares of the stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $17.71, for a total transaction of $177,100.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $177,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Susan F. Davis sold 10,421 shares of the stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $22.47, for a total value of $234,159.87. Following the transaction, the director now owns 35,603 shares in the company, valued at approximately $799,999.41. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,421 shares of company stock worth $638,960. Insiders own 5.32% of the company’s stock.

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Quanex Company Profile

Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry worldwide. It operates through three segments: North American Engineered Components, European Engineered Components, and North American Cabinet Components. The company offers flexible insulating glass spacers; extruded vinyl profiles; window and door screens; cabinet doors and other components for original equipment manufacturers (OEMs) in the kitchen and bathroom cabinet industry; and precision-formed metal and wood products, as well as solar panel sealants, trim moldings, vinyl decking and fencing products, water retention barriers, and conservatory roof components.

Earnings History for Quanex (NYSE:NX)

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