NL Industries (NYSE:NL – Get Free Report) announced its quarterly earnings results on Thursday. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05, FiscalAI reports. The firm had revenue of $43.99 million for the quarter, compared to the consensus estimate of $43.99 million. NL Industries had a negative net margin of 15.75% and a negative return on equity of 6.67%.
NL Industries Trading Up 0.8%
NL Industries stock opened at $7.16 on Friday. NL Industries has a 52 week low of $5.04 and a 52 week high of $8.60. The stock has a 50-day moving average price of $6.90 and a 200 day moving average price of $6.31. The stock has a market cap of $349.93 million, a PE ratio of -71.55 and a beta of 0.15.
NL Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Thursday, November 19th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.6%. NL Industries’s dividend payout ratio (DPR) is presently -76.92%.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of NL Industries in a report on Tuesday. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company currently has an average rating of “Hold”.
View Our Latest Research Report on NL
NL Industries Company Profile
NL Industries, Inc (NYSE:NL) is a holding company with interests in the chemicals and industrial products sectors. Its principal business interests include an equity investment in Kronos Worldwide, Inc, a producer and marketer of titanium dioxide pigments used to provide whiteness and opacity in products such as coatings, plastics and paper.
NL Industries also holds a controlling interest in CompX International Inc, which manufactures security products and marine components. CompX’s products include locks and related security hardware for cabinets, desks, tool storage and other applications, as well as components used in recreational boats and other marine equipment.
The company’s current structure reflects a history of operating and investing in specialty chemical and industrial businesses.
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