Quanex Building Products (NYSE:NX) Issues FY 2021 Earnings Guidance

Quanex Building Products (NYSE:NX) updated its FY 2021 earnings guidance on Tuesday. The company provided EPS guidance of $- for the period. The company issued revenue guidance of $1.04 billion-1.06 billion, compared to the consensus revenue estimate of $955.98 million.

Separately, Zacks Investment Research raised Quanex Building Products from a hold rating to a buy rating and set a $31.00 price objective for the company in a research report on Wednesday.

Shares of Quanex Building Products stock traded up $0.21 during trading on Friday, reaching $26.52. The company’s stock had a trading volume of 774 shares, compared to its average volume of 208,719. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.14 and a current ratio of 1.73. The stock has a market capitalization of $890.97 million, a P/E ratio of 15.66 and a beta of 1.69. Quanex Building Products has a 1-year low of $12.09 and a 1-year high of $29.02. The company has a 50-day moving average price of $27.03.

Quanex Building Products (NYSE:NX) last issued its quarterly earnings results on Wednesday, June 2nd. The construction company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.13. Quanex Building Products had a return on equity of 15.44% and a net margin of 5.72%. The company had revenue of $270.40 million during the quarter, compared to analysts’ expectations of $230.40 million. During the same quarter in the previous year, the firm posted $0.19 EPS. The firm’s revenue was up 44.2% compared to the same quarter last year. As a group, equities analysts predict that Quanex Building Products will post 1.46 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Tuesday, June 15th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, June 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.21%. Quanex Building Products’s dividend payout ratio is currently 25.81%.

About Quanex Building Products

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

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Earnings History and Estimates for Quanex Building Products (NYSE:NX)

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