Quanex Building Products (NYSE:NX) Posts Earnings Results, Misses Expectations By $0.16 EPS

Key Points

• Quanex Building Products missed earnings estimates for the quarter, reporting $0.69 EPS compared to the consensus estimate of $0.85 EPS, a difference of $0.16.
• The company announced a quarterly dividend of $0.08 per share, representing a 1.5% yield, with payment scheduled for September 30th.
• Quanex’s stock is rated as a "Moderate Buy" with an average price target of $38.00 according to analysts from Zacks Research.

Quanex Building Products (NYSE:NX - Get Free Report) released its quarterly earnings data on Thursday. The construction company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.16), Zacks reports. The business had revenue of $495.27 million during the quarter, compared to analysts' expectations of $491.65 million. Quanex Building Products had a positive return on equity of 10.48% and a negative net margin of 15.45%.During the same quarter in the previous year, the company posted $0.73 EPS. Quanex Building Products updated its FY 2025 guidance to EPS.

Quanex Building Products Price Performance

Quanex Building Products stock traded down $2.73 during trading hours on Friday, hitting $18.19. The stock had a trading volume of 1,966,641 shares, compared to its average volume of 436,347. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.20 and a quick ratio of 1.18. The stock has a market capitalization of $835.96 million, a price-to-earnings ratio of -2.92, a PEG ratio of 0.49 and a beta of 0.99. Quanex Building Products has a 1-year low of $15.30 and a 1-year high of $32.23. The stock's fifty day moving average is $20.23 and its two-hundred day moving average is $18.94.

Quanex Building Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.32 annualized dividend and a yield of 1.8%. Quanex Building Products's dividend payout ratio is -5.14%.

Institutional Trading of Quanex Building Products

Several large investors have recently bought and sold shares of NX. Royal Bank of Canada grew its holdings in Quanex Building Products by 22.6% in the first quarter. Royal Bank of Canada now owns 25,578 shares of the construction company's stock valued at $476,000 after purchasing an additional 4,720 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Quanex Building Products by 9.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,051 shares of the construction company's stock valued at $521,000 after purchasing an additional 2,347 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Quanex Building Products by 25.4% in the first quarter. Goldman Sachs Group Inc. now owns 246,666 shares of the construction company's stock valued at $4,586,000 after purchasing an additional 49,895 shares during the last quarter. Jane Street Group LLC grew its holdings in Quanex Building Products by 887.4% in the first quarter. Jane Street Group LLC now owns 84,957 shares of the construction company's stock valued at $1,579,000 after purchasing an additional 76,353 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in Quanex Building Products by 8.0% in the second quarter. Sei Investments Co. now owns 72,103 shares of the construction company's stock valued at $1,363,000 after purchasing an additional 5,313 shares during the last quarter. Institutional investors and hedge funds own 97.48% of the company's stock.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Quanex Building Products to a "hold" rating in a research report on Monday, August 11th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $38.00.

Quanex Building Products Company Profile

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