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

Valhi (NYSE:VHI) posted its quarterly earnings results on Thursday. The basic materials company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.21, FiscalAI reports. The firm had revenue of $589.00 million for the quarter, compared to analyst estimates of $605.66 million. Valhi had a negative return on equity of 2.77% and a negative net margin of 2.36%.

Valhi Stock Up 13.6%

Shares of NYSE VHI traded up $1.95 during trading hours on Friday, hitting $16.24. The stock had a trading volume of 15,655 shares, compared to its average volume of 7,974. The firm’s 50-day moving average price is $15.83 and its two-hundred day moving average price is $14.76. Valhi has a 52 week low of $11.44 and a 52 week high of $19.19. The company has a market capitalization of $459.92 million, a P/E ratio of 324.86 and a beta of 1.11. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.90 and a current ratio of 3.37.

Valhi Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have commented on VHI. Weiss Ratings upgraded Valhi from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, August 17th. Wall Street Zen upgraded Valhi from a “buy” rating to a “strong-buy” rating in a report on Saturday. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company 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.