NL Industries (NYSE:NL) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

NL Industries (NYSE:NL) released its earnings results on Thursday. The basic materials company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $43.99 million.

NL Industries Stock Down 6.0%

NYSE:NL traded down $0.44 during mid-day trading on Thursday, hitting $6.92. 25,819 shares of the company traded hands, compared to its average volume of 20,711. The stock’s fifty day moving average price is $6.88 and its 200-day moving average price is $6.31. The firm has a market cap of $338.39 million, a price-to-earnings ratio of -13.31 and a beta of 0.15. NL Industries has a one year low of $5.04 and a one year high of $8.60.

NL Industries Dividend Announcement

The business also recently announced 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 is Thursday, November 19th. This represents a $0.40 annualized dividend and a yield of 5.8%. NL Industries’s payout ratio is -76.92%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of NL Industries in a research report on Tuesday. One investment analyst has rated the stock with a Hold rating. Based on 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.