For its fourth fiscal quarter (ending October 31), Quanex Building Products Corp (NYSE: NX) has reported a 12% increase in E.P.S. from $0.75 a year ago to $0.84 in the current quarter. This performance was $0.14 better than the consensus estimate of $0.70. E.P.S. were $2.51 for the latest four quarters through October 31 versus $2.67 for the same period a year ago — a decline of -6%.
Recent Price Action
Quanex Building Products Corp (NYSE: NX) stock closed at $34.70 on 12/14/23 after a large increase of 4.4%. Moreover, trading volume in this advance was exceptionally high at 360% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 8.1% during the last week.
Current PriceTarget Research Rating
NX is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
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 41 but a very high Power Rating of 97, and the Positive Value Trend Rating results.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
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