NL Industries (NYSE:NL) Releases Quarterly Earnings Results

NL Industries (NYSE:NL) posted its quarterly earnings results on Thursday. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.05, FiscalAI reports. NL Industries had a negative return on equity of 6.67% and a negative net margin of 15.75%. The company had revenue of $43.99 million for the quarter, compared to analysts’ expectations of $43.99 million.

NL Industries Trading Down 6.0%

NL stock traded down $0.44 during mid-day trading on Thursday, reaching $6.92. 25,819 shares of the stock traded hands, compared to its average volume of 20,711. NL Industries has a 52-week low of $5.04 and a 52-week high of $8.60. The stock’s fifty day moving average is $6.88 and its 200-day moving average is $6.31. The company has a market cap of $338.39 million, a P/E ratio of -13.31 and a beta of 0.15.

NL Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Thursday, November 19th will be paid 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 yield of 5.8%. NL Industries’s dividend payout ratio is currently -76.92%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of NL Industries in a research note on Tuesday. One analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About NL Industries

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.