Quanex Building Products Corp (NYSE: NX) has reported earnings for its third fiscal quarter (ending July 31) of $0.77 versus $0.97 for the same period a year ago — a decline of -21%. However, this result exceeded the consensus estimate of $0.71 by $0.06. For the latest four quarters through July 31, E.P.S. were $2.27 versus $2.43 for the same period a year ago — a decline of -7%.
Recent Price Action
Quanex Building Products Corp (NYSE: NX) stock closed at $24.86 on 9/5/24 after a modest decline of -1.6%. NORMAL trading volume accompanied the decline. The stock has declined -11.5% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, NX is expected to continue to be a Value Builder.
Quanex Building Products has a current Value Trend Rating of C (Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Quanex Building Products has a slightly positive Appreciation Score of 64 and a neutral Power Rating of 41, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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