Sidoti Expects Reduced Earnings for Quanex Building Products

Key Points

• Sidoti cut Quanex’s Q1 2027 EPS estimate to a loss of $0.19 per share from a previous estimate of $0.07, signaling weaker near-term earnings expectations.
• Quanex’s latest quarterly results exceeded forecasts, with EPS of $0.79 versus the $0.66 consensus and revenue of $501.85 million. The stock recently traded at $21.66, while analysts maintain a consensus “Hold” rating and a $28 price target.
• The company declared a quarterly dividend of $0.08 per share, equivalent to an annualized $0.32 payout and a 1.5% yield; institutional investors own 97.48% of the stock.

Quanex Building Products Corporation (NYSE:NX - Free Report) - Investment analysts at Sidoti dropped their Q1 2027 earnings per share (EPS) estimates for shares of Quanex Building Products in a report released on Thursday, September 10th. Sidoti analyst J. Romero now anticipates that the construction company will post earnings per share of ($0.19) for the quarter, down from their previous estimate of ($0.07). The consensus estimate for Quanex Building Products' current full-year earnings is $1.82 per share.

Several other brokerages have also recently weighed in on NX. Weiss Ratings upgraded Quanex Building Products from a "sell (d)" rating to a "hold (c)" rating in a research report on Tuesday, September 8th. Benchmark reaffirmed a "buy" rating on shares of Quanex Building Products in a research note on Thursday, August 27th. Wall Street Zen raised shares of Quanex Building Products from a "hold" rating to a "strong-buy" rating in a report on Saturday. Finally, Zacks Research upgraded shares of Quanex Building Products from a "strong sell" rating to a "hold" rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $28.00.

Quanex Building Products Stock Up 0.4%

Shares of NX opened at $21.66 on Monday. The company has a market capitalization of $992.82 million, a price-to-earnings ratio of 21.88, a PEG ratio of 0.85 and a beta of 0.94. Quanex Building Products has a 52 week low of $11.04 and a 52 week high of $23.33. The stock's 50-day moving average price is $19.49 and its 200-day moving average price is $18.74. The company has a quick ratio of 1.21, a current ratio of 2.23 and a debt-to-equity ratio of 0.85.

Quanex Building Products (NYSE:NX - Get Free Report) last released its quarterly earnings data on Thursday, September 3rd. The construction company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.13. The business had revenue of $501.85 million during the quarter, compared to analyst estimates of $497.51 million. Quanex Building Products had a return on equity of 11.61% and a net margin of 2.43%.During the same quarter last year, the business posted ($6.04) EPS.

Hedge Funds Weigh In On Quanex Building Products

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Quanex Building Products in the second quarter valued at approximately $136,089,000. Ameriprise Financial Inc. raised its stake in shares of Quanex Building Products by 7.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,275,870 shares of the construction company's stock worth $43,013,000 after buying an additional 166,518 shares during the period. Systematic Financial Management LP raised its stake in shares of Quanex Building Products by 10.3% during the 4th quarter. Systematic Financial Management LP now owns 1,773,756 shares of the construction company's stock worth $27,280,000 after buying an additional 165,424 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Quanex Building Products by 36.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,741,613 shares of the construction company's stock valued at $31,296,000 after buying an additional 462,992 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Quanex Building Products by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,099,557 shares of the construction company's stock valued at $16,914,000 after acquiring an additional 4,976 shares during the period. Hedge funds and other institutional investors own 97.48% of the company's stock.

Quanex Building Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 15th. Quanex Building Products's payout ratio is currently 32.32%.

Key Stories Impacting Quanex Building Products

Here are the key news stories impacting Quanex Building Products this week:

• Positive Sentiment: Sidoti raised its FY2026 EPS forecast to $1.82 from $1.77, above the current consensus estimate of $1.77. Its Q4 2026 estimate also increased to $0.79 from $0.74, suggesting improved expectations for near-term profitability. Quanex Building Products analyst estimates
• Positive Sentiment: The analyst lifted its Q3 2027 EPS forecast to $0.87 from $0.83 and expects FY2028 EPS of $2.34. The longer-term forecast implies earnings growth beyond the current fiscal year and may support the investment case. Quanex Building Products analyst estimates
• Neutral Sentiment: Sidoti initiated or reiterated estimates of $0.38 EPS for Q2 2027, a $0.12-per-share loss for Q1 2028, $0.44 EPS for Q2 2028 and $0.95 EPS for Q3 2028. These forecasts indicate seasonal volatility, including a projected loss in early 2028. Quanex Building Products analyst estimates
• Negative Sentiment: Sidoti reduced its FY2027 EPS forecast to $2.05 from $2.25, cut Q2 2027 EPS to $0.38 from $0.46 and lowered Q4 2027 EPS to $0.99 from $1.03. These downward revisions point to weaker expected earnings momentum during 2027. Quanex Building Products analyst estimates

Quanex Building Products Company Profile

Quanex Building Products Corporation NYSE: NX manufactures components and systems used in the fenestration and cabinet industries. Its products are incorporated into residential and commercial windows, doors, and related building products rather than typically sold directly to consumers.

The company's product portfolio includes insulating glass components, window and door screens, vinyl profiles, hardware, sealing and weatherstripping products, and other engineered components used by window and door manufacturers.

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