Quanex Building Products Corporation (NYSE:NX) is set to announce third quarter earning results on Thursday 3rd September 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, NX to report 3Q20 income of $ 0.08 per share from revenue of $ 185.47 million.
For the full year, analysts anticipate top line of $ 789.62 million, while looking forward to income of $ 0.60 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 865.00 million ~ $ 885.00 million
Click Here For More Historical Outlooks Of Quanex Building Products Corporation
Previous Quarter Performance
Quanex Building Products Corporation disclosed income for the second quarter of $ 0.19 per share, from the revenue of $ 187.47 million. According to street consensus, NX was expected to report 2Q20 income of $ 0.10 per share from revenue of $ 201.73 million. The bottom line results beat street analysts by $ 0.09 or 90.00 percent, at the same time, top line results fell short of analysts by $ 14.26 million or 7.07 percent.
Stock Performance
Shares of Quanex Building Products Corporation traded low $ -0.36 or -2.07 percent on Wednesday, reaching $ 17.04 with volume of 58.70 thousand shares. The stock opened down for the day at $ 17.27, after closing the previous day trading at $ 17.40.
According to the previous trading day, closing price of $ 17.40, representing a 120.25 % increase from the 52 week low of $ 7.90 and a 14.79 % decrease over the 52 week high of $ 20.42.
The company has a market capital of $ 558.94 million and is part of the Basic Materials sector and Building Materials industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.08 per share on June 4, 2020. The dividend were payable on June 30, 2020 to holders of record as of the close of business on June 15, 2020 and ex-dividend date on June 12, 2020.
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.
