Is it time to Buy before this week’s earning report Quanex Building Products Stock Forecast, Price & News (NYSE:NX)

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Earnings results for Quanex Building Products Stock Forecast, Price & News (NYSE:NX)

Quanex Building Products Corporation is expected* to report earnings on 09/03/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. The reported EPS for the same quarter last year was $0.41.

Quanex Building Products last announced its quarterly earnings results on June 4th, 2020. The construction company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.14. The company had revenue of $187.50 million for the quarter, compared to the consensus estimate of $189.80 million. Its quarterly revenue was down 14.0% compared to the same quarter last year. Quanex Building Products has generated $0.95 earnings per share over the last year. Quanex Building Products has confirmed that its next quarterly earnings report will be published on Thursday, September 3rd, 2020.

Analyst Opinion on Quanex Building Products Stock Forecast, Price & News (NYSE:NX)

3 Wall Street analysts have issued ratings and price targets for Quanex Building Products in the last 12 months. Their average twelve-month price target is $16.33, predicting that the stock has a possible downside of 4.87%. The high price target for NX is $20.00 and the low price target for NX is $13.00. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Quanex Building Products has received a consensus rating of Buy. The company’s average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $16.33, Quanex Building Products has a forecasted downside of 4.9% from its current price of $17.17. Quanex Building Products has received no research coverage in the past 90 days.

Dividend Strength: Quanex Building Products Stock Forecast, Price & News (NYSE:NX)

Quanex Building Products pays a meaningful dividend of 1.84%, higher than the bottom 25% of all stocks that pay dividends. Quanex Building Products has only been increasing its dividend for 1 years. The dividend payout ratio of Quanex Building Products is 33.68%. This payout ratio is at a healthy, sustainable level, below 75%.

Insiders buying/selling: Quanex Building Products Stock Forecast, Price & News (NYSE:NX)

In the past three months, Quanex Building Products insiders have not sold or bought any company stock. Only 4.09% of the stock of Quanex Building Products is held by insiders. 97.98% of the stock of Quanex Building Products is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Quanex Building Products Stock Forecast, Price & News (NYSE:NX

The P/E ratio of Quanex Building Products is -41.88, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Quanex Building Products is -41.88, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Quanex Building Products has a P/B Ratio of 1.72. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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