Media stories about Quanex Building Products Corporation (NYSE:NX) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Quanex Building Products Corporation earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave news coverage about the construction company an impact score of 46.1050865932571 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s analysis:
- Quanex Building Products Corporation (NX) Expected to Post Quarterly Sales of $238.85 Million (americanbankingnews.com)
- Zacks: Brokerages Anticipate Quanex Building Products Corporation (NX) Will Post Earnings of $0.37 Per Share (americanbankingnews.com)
- Head-To-Head Survey: Quanex Building Products Corporation (NX) versus The Competition (americanbankingnews.com)
- Contrasting Quanex Building Products Corporation (NX) and Its Rivals (americanbankingnews.com)
A number of research firms recently weighed in on NX. BidaskClub lowered Quanex Building Products Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded Quanex Building Products Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Sidoti began coverage on Quanex Building Products Corporation in a research report on Monday, August 7th. They issued a “buy” rating for the company. TheStreet upgraded Quanex Building Products Corporation from a “c” rating to a “b-” rating in a research report on Wednesday, September 6th. Finally, Wedbush restated an “outperform” rating and set a $25.00 price objective on shares of Quanex Building Products Corporation in a research report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $24.00.
Shares of Quanex Building Products Corporation (NYSE:NX) opened at 23.20 on Thursday. The firm has a market capitalization of $799.40 million, a price-to-earnings ratio of 59.03 and a beta of 0.67. The firm’s 50-day moving average price is $21.05 and its 200-day moving average price is $20.63. Quanex Building Products Corporation has a 12 month low of $15.40 and a 12 month high of $23.60.
Quanex Building Products Corporation (NYSE:NX) last posted its earnings results on Wednesday, September 6th. The construction company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). Quanex Building Products Corporation had a net margin of 1.52% and a return on equity of 7.87%. The business had revenue of $229.40 million during the quarter, compared to analyst estimates of $235.45 million. During the same period in the previous year, the firm posted $0.27 earnings per share. The firm’s revenue was down 7.5% on a year-over-year basis. On average, equities analysts anticipate that Quanex Building Products Corporation will post $0.69 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Monday, September 18th were paid a $0.04 dividend. The ex-dividend date of this dividend was Friday, September 15th. This represents a $0.16 dividend on an annualized basis and a yield of 0.69%. Quanex Building Products Corporation’s payout ratio is 42.11%.
In other news, VP Brent L. Korb sold 17,500 shares of the company’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $21.15, for a total transaction of $370,125.00. Following the completion of the transaction, the vice president now directly owns 94,679 shares of the company’s stock, valued at $2,002,460.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 5.32% of the stock is currently owned by insiders.
Quanex Building Products Corporation Company Profile
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