Quanex (NX) Earning Somewhat Favorable Media Coverage, Study Finds
News headlines about Quanex (NYSE:NX) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Quanex earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave headlines about the construction company an impact score of 45.0267202773416 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of NX stock traded up $0.25 on Tuesday, hitting $18.15. The stock had a trading volume of 15,920 shares, compared to its average volume of 213,225. The company has a market capitalization of $611.98, a PE ratio of 23.44 and a beta of 0.80. 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 52-week low of $16.50 and a 52-week high of $24.60.
Quanex (NYSE:NX) last posted its quarterly earnings data 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. Quanex had a net margin of 3.17% and a return on equity of 6.72%. The firm had revenue of $191.70 million for the quarter, compared to the consensus estimate of $189.95 million. During the same period in the prior year, the firm posted ($0.04) EPS. The firm’s revenue was down 1.7% compared to the same quarter last year. equities research analysts predict that Quanex will post 0.93 EPS for the current year.
Several brokerages have recently weighed in on NX. Wedbush downgraded shares of Quanex from an “outperform” rating to a “neutral” rating and set a $25.00 target price for the company. in a research note on Monday, December 18th. TheStreet downgraded shares of Quanex from a “b-” rating to a “c” rating in a research note on Monday, March 5th. Finally, Zacks Investment Research upgraded shares of Quanex from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Quanex has an average rating of “Hold” and a consensus target price of $22.50.
In other Quanex news, Director Joseph D. Rupp sold 10,000 shares of the stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $17.71, for a total transaction of $177,100.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $177,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.59% of the company’s stock.
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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.
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