Valhi (NYSE:VHI) Announces Quarterly Earnings Results, Beats Estimates By $0.21 EPS

Valhi (NYSE:VHI) issued its quarterly earnings data on Thursday. The basic materials company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.21, FiscalAI reports. The company had revenue of $589.00 million during the quarter, compared to the consensus estimate of $605.66 million. Valhi had a negative net margin of 2.36% and a negative return on equity of 2.77%.

Valhi Stock Up 13.6%

Shares of NYSE VHI traded up $1.95 during trading hours on Friday, hitting $16.24. 15,655 shares of the stock were exchanged, compared to its average volume of 7,974. The company has a quick ratio of 1.90, a current ratio of 3.37 and a debt-to-equity ratio of 0.42. The company has a market cap of $459.92 million, a PE ratio of 324.86 and a beta of 1.11. The firm has a fifty day moving average price of $15.83 and a 200-day moving average price of $14.76. Valhi has a 12 month low of $11.44 and a 12 month high of $19.19.

Valhi Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, November 19th will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.0%. Valhi’s payout ratio is presently -17.88%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on VHI shares. Weiss Ratings upgraded Valhi from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, August 17th. Wall Street Zen raised Valhi from a “buy” rating to a “strong-buy” rating in a research report on Saturday. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Valhi currently has an average 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.