NACCO Industries (NYSE:NC) Releases Quarterly Earnings Results

NACCO Industries (NYSE:NC) posted its quarterly earnings results on Wednesday. The company reported $0.61 EPS for the quarter, Zacks reports. NACCO Industries had a positive return on equity of 2.73% and a negative net margin of 18.68%. The business had revenue of $53.29 million during the quarter.

NACCO Industries Stock Performance

Shares of NYSE:NC traded up $1.53 during trading on Friday, hitting $33.22. 25,685 shares of the company traded hands, compared to its average volume of 15,379. The company has a quick ratio of 2.21, a current ratio of 3.31 and a debt-to-equity ratio of 0.06. The business’s fifty day moving average is $29.69 and its 200-day moving average is $33.50. NACCO Industries has a one year low of $27.26 and a one year high of $38.66.

NACCO Industries Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were issued a $0.2175 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.87 dividend on an annualized basis and a yield of 2.62%. NACCO Industries’s dividend payout ratio is currently -15.99%.

Insider Buying and Selling

In other news, SVP Thomas A. Maxwell sold 866 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $29.64, for a total transaction of $25,668.24. Following the completion of the transaction, the senior vice president now owns 8,834 shares in the company, valued at $261,839.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 41.26% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet lowered NACCO Industries from a “b-” rating to a “c+” rating in a research report on Thursday, March 7th.

About NACCO Industries

NACCO Industries, Inc, together with its subsidiaries, engages in the natural resources business. The company operates through three segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies.