Quanex Building Products Corporation (NX) Releases Earnings Results, Beats Expectations By $0.02 EPS

Quanex Building Products Corporation (NX) reported quarterly earnings results on Tuesday, May-31-2016. The company said it had a profit of $0.11 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.09. The company posted revenue of $229.50 million in the period, compared to analysts expectations of $228.86 million. The company’s revenue was up 61.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.

Many Wall Street Analysts have commented on Quanex Building Products Corporation. Wedbush Upgraded Quanex Building Products Corporation on Mar 14, 2016 to ” Outperform”, Price Target of the shares are set at $23.

Quanex Building Products Corporation opened for trading at $19.28 and hit $19.56 on the upside on Friday, eventually ending the session at $19.44, with a gain of 0.52% or 0.1 points. The heightened volatility saw the trading volume jump to 1,53,226 shares. Company has a market cap of $665 M.

In a different news, on Mar 10, 2016, Scott M. Zuehlke (VP, IR & Treasurer) purchased 610 shares at $16.30 per share price. According to the SEC, on Sep 16, 2015, Leroy D Nosbaum (director) purchased 2,500 shares at $19.70 per share price.

Quanex Building Products Corporation manufactures components primarily for the window and door (fenestration) industry including insulating glass spacers extruded vinyl profiles window and door screens and precision-formed metal and wood products for original equipment manufacturers (OEMs). The Company’s segments include Engineered Products International Extrusion and Corporate & Other. Its Engineered Products segment consists of four operating segments focused on the fenestration market primarily within North America. Its International Extrusion segment consists of a United Kingdom-based vinyl extrusion business. It also manufactures certain non-fenestration components and products which include solar panel sealants fencing water retention barriers hardware and conservatory roof components. It serves a customer base in North America and the United Kingdom and also serves customers in international markets through its operating plants in the United Kingdom and Germany.

Quanex Building Products Corporation

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