NL Industries (NYSE:NL) Announces Quarterly Earnings Results

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

NL Industries Trading Down 6.0%

NYSE:NL traded down $0.44 during mid-day trading on Thursday, reaching $6.92. 25,819 shares of the stock were exchanged, compared to its average volume of 20,711. The business has a fifty day moving average price of $6.88 and a 200 day moving average price of $6.31. The firm has a market capitalization of $338.39 million, a PE ratio of -13.31 and a beta of 0.15. NL Industries has a 1-year low of $5.04 and a 1-year high of $8.60.

NL Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Thursday, November 19th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend is Thursday, November 19th. NL Industries’s payout ratio is presently -76.92%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of NL Industries in a research note on Tuesday. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, the stock presently 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.