Quanex Building Products Corporation (NX) Releases Earnings Results, Beats Expectations By $0.01 EPS

Quanex Building Products Corporation (NX) announced its most recent quarterly financial results on Tuesday, Sep-6-2016. NX said it had a profit of $0.30 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.29. The company posted revenue of $248.09 million in the period, compared to analysts expectations of $254.01 million. NX’s revenue was up 37.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Many Wall Street Analysts have commented on Quanex Building Products Corporation. Quanex Building Products Corporation was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Jun 10, 2016.

Quanex Building Products Corporation opened for trading at $19.28 and hit $19.51 on the upside on Thursday, eventually ending the session at $19.5, with a gain of 0.88% or 0.17 points. The heightened volatility saw the trading volume jump to 1,17,016 shares. Company has a market cap of $668 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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