Brokerages expect that Quanex Building Products Co. (NYSE:NX) will post sales of $193.30 million for the current quarter, according to Zacks. Two analysts have issued estimates for Quanex Building Products’ earnings. The highest sales estimate is $196.00 million and the lowest is $190.60 million. Quanex Building Products reported sales of $195.10 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 0.9%. The company is expected to announce its next earnings results on Monday, March 5th.

On average, analysts expect that Quanex Building Products will report full-year sales of $193.30 million for the current financial year, with estimates ranging from $893.30 million to $895.00 million. For the next year, analysts forecast that the business will report sales of $928.35 million per share, with estimates ranging from $927.50 million to $929.20 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Quanex Building Products.

Quanex Building Products (NYSE:NX) last issued its earnings results on Monday, December 11th. The construction company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.08. Quanex Building Products had a return on equity of 7.00% and a net margin of 2.16%. The company had revenue of $233.00 million for the quarter, compared to analyst estimates of $232.47 million. During the same period in the prior year, the firm earned $0.45 earnings per share. Quanex Building Products’s revenue for the quarter was down 6.5% on a year-over-year basis.

A number of equities research analysts recently commented on the company. Zacks Investment Research raised Quanex Building Products from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 9th. KeyCorp reissued a “hold” rating on shares of Quanex Building Products in a research report on Friday, September 22nd. Finally, Wedbush lowered Quanex Building Products from an “outperform” rating to a “neutral” rating and set a $25.00 price target for the company. in a research report on Monday, December 18th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $25.00.

Shares of Quanex Building Products (NX) traded up $0.20 during trading hours on Friday, hitting $22.60. The stock had a trading volume of 144,700 shares, compared to its average volume of 152,800. The firm has a market capitalization of $787.61, a price-to-earnings ratio of 42.64 and a beta of 0.70. Quanex Building Products has a one year low of $17.45 and a one year high of $24.60. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.80 and a quick ratio of 0.98.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend was Thursday, December 14th. Quanex Building Products’s payout ratio is currently 30.19%.

In other Quanex Building Products news, SVP Kevin P. Delaney sold 50,400 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $24.02, for a total value of $1,210,608.00. Following the completion of the transaction, the senior vice president now owns 111,527 shares in the company, valued at approximately $2,678,878.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan F. Davis sold 10,000 shares of the company’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $22.77, for a total value of $227,700.00. Following the completion of the transaction, the director now owns 35,182 shares of the company’s stock, valued at approximately $801,094.14. The disclosure for this sale can be found here. Insiders sold a total of 78,921 shares of company stock valued at $1,861,684 over the last three months. 5.32% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. grew its stake in Quanex Building Products by 0.9% in the 2nd quarter. BlackRock Inc. now owns 4,732,378 shares of the construction company’s stock valued at $100,089,000 after purchasing an additional 40,778 shares during the period. Vanguard Group Inc. grew its stake in shares of Quanex Building Products by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 3,131,357 shares of the construction company’s stock worth $66,228,000 after acquiring an additional 104,038 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Quanex Building Products by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,891,182 shares of the construction company’s stock worth $66,352,000 after acquiring an additional 31,873 shares during the period. State Street Corp grew its stake in shares of Quanex Building Products by 5.1% during the 2nd quarter. State Street Corp now owns 837,719 shares of the construction company’s stock worth $17,720,000 after acquiring an additional 40,540 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of Quanex Building Products by 17.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 499,173 shares of the construction company’s stock worth $10,557,000 after acquiring an additional 72,482 shares during the period. Hedge funds and other institutional investors own 99.80% of the company’s stock.

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