Valhi (NYSE:VHI) Posts Earnings Results, Beats Expectations By $0.21 EPS

Valhi (NYSE:VHI) announced its earnings results on Thursday. The basic materials company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.21, FiscalAI reports. Valhi had a negative return on equity of 2.77% and a negative net margin of 2.36%. The firm had revenue of $589.00 million for the quarter, compared to the consensus estimate of $605.66 million.

Valhi Stock Performance

NYSE:VHI traded up $1.95 during trading hours on Friday, hitting $16.24. 15,655 shares of the company were exchanged, compared to its average volume of 7,974. The stock has a market capitalization of $459.92 million, a price-to-earnings ratio of 324.86 and a beta of 1.11. Valhi has a 52-week low of $11.44 and a 52-week high of $19.19. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.37 and a quick ratio of 1.90. The company’s 50 day moving average price is $15.83 and its 200-day moving average price is $14.76.

Valhi Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, November 19th will be paid a $0.08 dividend. The ex-dividend date is Thursday, November 19th. This represents a $0.32 dividend on an annualized basis and a yield of 2.0%. Valhi’s dividend payout ratio (DPR) is -17.88%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VHI. Wall Street Zen raised Valhi from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Weiss Ratings raised Valhi from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, August 17th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Valhi

Valhi, Inc is a diversified holding company with interests in chemicals, component products and other industrial businesses. Its operations are conducted primarily through majority-owned subsidiaries, including Kronos Worldwide, Inc, a global producer and marketer of titanium dioxide pigments used to provide whiteness, brightness and opacity in products such as coatings, plastics, paper and inks.

Through CompX International Inc, Valhi also participates in the component-products industry.