Analysts predict that Quanex Building Products Co. (NYSE:NX) will report $0.13 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Quanex Building Products’ earnings. The lowest EPS estimate is $0.12 and the highest is $0.13. Quanex Building Products reported earnings of $0.14 per share in the same quarter last year, which suggests a negative year over year growth rate of 7.1%. The firm is expected to issue its next quarterly earnings report on Monday, June 3rd.

According to Zacks, analysts expect that Quanex Building Products will report full-year earnings of $0.76 per share for the current year, with EPS estimates ranging from $0.67 to $0.85. For the next fiscal year, analysts expect that the firm will report earnings of $0.87 per share, with EPS estimates ranging from $0.73 to $1.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Quanex Building Products.

Quanex Building Products (NYSE:NX) last released its earnings results on Tuesday, March 5th. The construction company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.04. The business had revenue of $196.81 million for the quarter, compared to the consensus estimate of $195.80 million. Quanex Building Products had a net margin of 1.98% and a return on equity of 5.32%.

NX has been the topic of several analyst reports. Seaport Global Securities initiated coverage on shares of Quanex Building Products in a research report on Friday, March 15th. They issued a “buy” rating and a $19.00 target price on the stock. Zacks Investment Research raised shares of Quanex Building Products from a “sell” rating to a “hold” rating in a research report on Thursday, February 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.00.

A number of institutional investors and hedge funds have recently made changes to their positions in NX. Bank of New York Mellon Corp grew its position in Quanex Building Products by 4.0% during the third quarter. Bank of New York Mellon Corp now owns 466,936 shares of the construction company’s stock valued at $8,498,000 after purchasing an additional 17,789 shares in the last quarter. MetLife Investment Advisors LLC grew its position in Quanex Building Products by 51.6% during the third quarter. MetLife Investment Advisors LLC now owns 26,831 shares of the construction company’s stock valued at $488,000 after purchasing an additional 9,134 shares in the last quarter. Legal & General Group Plc grew its position in Quanex Building Products by 7.5% during the third quarter. Legal & General Group Plc now owns 82,932 shares of the construction company’s stock valued at $1,511,000 after purchasing an additional 5,821 shares in the last quarter. Vanguard Group Inc. grew its position in Quanex Building Products by 2.2% during the third quarter. Vanguard Group Inc. now owns 3,500,558 shares of the construction company’s stock valued at $63,709,000 after purchasing an additional 75,839 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in Quanex Building Products during the third quarter valued at approximately $4,754,000. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Quanex Building Products stock traded down $0.24 during trading on Tuesday, hitting $16.50. The stock had a trading volume of 4,165 shares, compared to its average volume of 203,512. The company has a market cap of $551.32 million, a P/E ratio of 25.38 and a beta of 1.07. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.48 and a quick ratio of 1.35. Quanex Building Products has a 1 year low of $10.70 and a 1 year high of $20.30.

Quanex Building Products Company Profile

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, 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.

See Also: QQQ ETF

Get a free copy of the Zacks research report on Quanex Building Products (NX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Quanex Building Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quanex Building Products and related companies with MarketBeat.com's FREE daily email newsletter.