NL Industries (NYSE:NL – Get Free Report) posted its quarterly earnings data on Wednesday. The basic materials company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03), FiscalAI reports. The company had revenue of $43.61 million for the quarter, compared to the consensus estimate of $40.92 million. NL Industries had a negative net margin of 21.56% and a negative return on equity of 8.74%.
NL Industries Trading Up 8.9%
NL Industries stock traded up $0.51 during mid-day trading on Thursday, reaching $6.26. The company’s stock had a trading volume of 82,030 shares, compared to its average volume of 57,022. The firm has a market cap of $305.81 million, a price-to-earnings ratio of -9.07 and a beta of 0.22. The business has a 50 day moving average price of $5.99 and a 200-day moving average price of $6.08. NL Industries has a twelve month low of $5.04 and a twelve month high of $8.60.
NL Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 22nd. Investors of record on Thursday, September 3rd will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, September 3rd. This represents a $0.40 annualized dividend and a yield of 6.4%. NL Industries’s dividend payout ratio (DPR) is -57.97%.
Institutional Trading of NL Industries
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of NL Industries from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings raised shares of NL Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.
NL Industries Company Profile
NL Industries, Inc is a U.S.-based industrial minerals company whose primary focus is the mining, upgrading and marketing of titanium feedstocks. The company’s products include synthetic rutile and chloride slag, which serve as key raw materials for producers of titanium dioxide pigment. These pigments are widely used as whitening and opacifying agents in coatings, plastics, paper and specialty applications.
NL Industries serves a global customer base, supplying feedstocks under long-term agreements and through spot transactions.
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