Quanex Building Products Corp (NYSE: NX) has reported E.P.S. of $0.19 for its first fiscal quarter (ending January 31) versus $0.06 for the same period a year ago. For the latest four quarters through January 31, E.P.S. were $2.65 compared to $2.40 a year ago.
Recent Price Action
Quanex Building Products Corp (NYSE: NX) stock closed at $34.77 on 3/7/24 after a slight gain of 0.2%. Moreover, trading volume in this advance was exceptionally high at 213% of normal. The stock has been exceptionally strong relative to the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, NX is expected to continue to be a Value Builder.
Quanex Building Products has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Quanex Building Products has a neutral Appreciation Score of 51 but a very high Power Rating of 88, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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