3 Stocks to Watch on Tuesday: Casey’s General Stores Inc (CASY), KMG Chemicals, Inc. (KMG) and Quanex Building Products Corporation (NX)

CASY earnings fell Y/Y, KMG profit beat estimates, NX revenue fell 6.5%

By Karl Utermohlen, InvestorPlace Writer

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Monday market yet another day in which bitcoin headed higher, while U.S. equities were relatively quiet during the day. The S&P 500 Index and Dow Jones Industrial Average gained 0.2% apiece, while the Nasdaq Composite surged 0.5%.

3 Stocks to Watch on Tuesday: Casey's General Stores Inc (CASY), KMG Chemicals, Inc. (KMG) and Quanex Building Products Corporation (NX)Several companies reported on their latest quarters, including Casey’s General Stores Inc (NASDAQ:CASY), KMG Chemicals, Inc. (NYSE:KMG) and Quanex Building Products Corporation (NYSE:NX).

Casey’s General Stores Inc (CASY)

Casey’s General Stores reported its latest results yesterday.

The convenience store chain posted second-quarter earnings of $1.28 per share, which is 12 cents below analysts’ expectations of $1.40 per share. A year ago, the company earned $1.44 per share.

In the revenue front, the company raked in $2.15 billion over the three-month period, while Wall Street was calling for a consensus estimate of $2.16 billion. The figure rose 12% year-over-year.

Casey’s saw its same-store gallons sold up 1.9% over the period, while retail same-store sales rose 2.5% year-over-year. The company projects its fuel same-store sales to grow 1% to 2%, while its grocery and merchandise same-store sales are slated to grow 2% to 4%.

CASY stock fell 4.3% after the bell Monday.

KMG Chemicals, Inc. (KMG)

KMG Chemicals unveiled its latest earnings after the bell as well.

The company reported earnings of 83 cents per share during its first quarter, marking a 20-cent margin compared to analysts’ projections of 63 cents per share. A year ago, adjusted earnings were 48 cents per share.

Revenue for the period came in at $110.7 million for KMG Chemicals, ahead of the $106.6 million that the Wall Street outlook called for. Sales increased 45% year-over-year.

The company’s cash flow generated by operations was $20.5 million, nearly doubling the $10.9 million in the first quarter of fiscal 2017.

KMG shares soared 6.5% after hours.

Quanex Building Products Corporation (NX)

Quanex reported on its latest period late in the day.

The OEM components manufacturer saw its bottom line fall to $13.1 million, or 37 cents per share. A year ago, the company brought in $15.7 million, or 45 cents per share.

Analysts were calling for adjusted earnings of approximately 29 cents per share for the company’s fourth quarter of fiscal 2017, according to data compiled by Thomson Reuters.

Quanex also said that its revenue for the period came in at $233.0 million, marking a 6.5% decline from the year-ago quarter’s $249.2 million.

“After adjusting for the foreign exchange impact, the divestiture of the wood flooring business and other business we consciously shed, the consolidated business grew at 4.4% in 2017,” said president, chairman and CEO Bill Griffiths.

“We anticipate a similar growth rate in 2018. As a result, we expect to generate net sales of $890 million to $900 million and Adjusted EBITDA* of $103 million to $108 million,” he added.

NX stock gained 0.5% after the bell.

As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, https://investorplace.com/2017/12/3-stocks-watch-tuesday-caseys-general-stores-inc-casy-kmg-chemicals-inc-kmg-quanex-building-products-corporation-nx/.

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