Quanex Building Products (NX) to Release Quarterly Earnings on Thursday

Quanex Building Products (NYSE:NXGet Rating) will issue its earnings data after the market closes on Thursday, June 2nd. Analysts expect the company to announce earnings of $0.45 per share for the quarter. Quanex Building Products has set its FY 2022 guidance at EPS.Parties interested in participating in the company’s conference call can do so using this link.

Quanex Building Products (NYSE:NXGet Rating) last announced its quarterly earnings results on Thursday, March 3rd. The construction company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.06. Quanex Building Products had a return on equity of 14.80% and a net margin of 5.44%. The business had revenue of $267.04 million during the quarter, compared to the consensus estimate of $243.70 million. During the same quarter last year, the firm posted $0.27 EPS. On average, analysts expect Quanex Building Products to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of NX opened at $19.64 on Thursday. The company’s 50-day moving average is $20.56 and its 200-day moving average is $22.13. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.98 and a quick ratio of 1.08. The firm has a market capitalization of $655.76 million, a PE ratio of 10.91 and a beta of 1.49. Quanex Building Products has a fifty-two week low of $18.87 and a fifty-two week high of $28.30.

In other news, Director Susan F. Davis sold 5,987 shares of Quanex Building Products stock in a transaction that occurred on Wednesday, March 9th. The shares were sold at an average price of $23.02, for a total value of $137,820.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.43% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the company. LSV Asset Management boosted its position in shares of Quanex Building Products by 6,352.9% during the 1st quarter. LSV Asset Management now owns 548,496 shares of the construction company’s stock worth $11,513,000 after acquiring an additional 539,996 shares in the last quarter. BlackRock Inc. raised its position in Quanex Building Products by 2.2% during the fourth quarter. BlackRock Inc. now owns 5,579,163 shares of the construction company’s stock valued at $138,252,000 after purchasing an additional 118,552 shares in the last quarter. Norges Bank bought a new stake in Quanex Building Products during the fourth quarter worth $2,109,000. D. E. Shaw & Co. Inc. boosted its holdings in shares of Quanex Building Products by 43.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 274,636 shares of the construction company’s stock valued at $6,806,000 after purchasing an additional 82,777 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Quanex Building Products by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 3,769,462 shares of the construction company’s stock valued at $79,121,000 after purchasing an additional 75,057 shares during the last quarter. Institutional investors own 97.43% of the company’s stock.

NX has been the topic of several research analyst reports. Zacks Investment Research cut shares of Quanex Building Products from a “buy” rating to a “hold” rating in a report on Tuesday, May 10th. StockNews.com began coverage on Quanex Building Products in a report on Thursday, March 31st. They set a “buy” rating for the company.

About Quanex Building Products (Get Rating)

Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry in the United States, Europe, Canada, Asia, and internationally. The company operates through three segments: North American Fenestration, European Fenestration, and North American Cabinet Components.

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Earnings History for Quanex Building Products (NYSE:NX)

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