Valhi (NYSE:VHI) Issues Quarterly Earnings Results, Misses Expectations By $0.18 EPS

Valhi (NYSE:VHI) announced its quarterly earnings data on Thursday. The basic materials company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.18), FiscalAI reports. Valhi had a negative return on equity of 2.78% and a negative net margin of 2.36%.The firm had revenue of $606.10 million during the quarter, compared to analysts’ expectations of $559.69 million.

Valhi Price Performance

Shares of VHI stock traded down $0.49 during trading hours on Friday, reaching $15.51. The stock had a trading volume of 33,820 shares, compared to its average volume of 9,526. The stock’s fifty day simple moving average is $14.04 and its 200 day simple moving average is $14.13. The company has a current ratio of 3.25, a quick ratio of 1.74 and a debt-to-equity ratio of 0.46. Valhi has a 12 month low of $11.44 and a 12 month high of $17.67. The firm has a market capitalization of $438.93 million, a PE ratio of -8.66 and a beta of 0.97.

Valhi Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, September 3rd. Valhi’s dividend payout ratio (DPR) is -12.60%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Valhi in a report on Wednesday, July 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Valhi

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Valhi in the 2nd quarter valued at $31,000. Wells Fargo & Company MN increased its holdings in shares of Valhi by 46.1% in the fourth quarter. Wells Fargo & Company MN now owns 2,722 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 859 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Valhi by 133.9% in the second quarter. JPMorgan Chase & Co. now owns 4,867 shares of the basic materials company’s stock worth $79,000 after purchasing an additional 2,786 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Valhi in the fourth quarter worth $80,000. Finally, Deutsche Bank AG raised its position in shares of Valhi by 145.0% in the fourth quarter. Deutsche Bank AG now owns 7,006 shares of the basic materials company’s stock worth $84,000 after buying an additional 4,146 shares in the last quarter. Institutional investors own 3.83% of the company’s stock.

About Valhi

Valhi, Inc is a diversified holding company incorporated in Delaware in 1987 and headquartered in Dallas, Texas. Through its three wholly owned subsidiaries—Kronos Worldwide, CompX International and NL Industries—Valhi participates in the manufacture and distribution of chemical and security products for industrial, commercial and consumer markets.

Kronos Worldwide is a leading independent producer of titanium dioxide pigment, a white powder that enhances brightness and opacity in paints, coatings, plastics, paper and other applications.