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

NL Industries (NYSE:NL) announced 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 net margin of 15.75% and a negative return on equity of 6.67%. The business had revenue of $43.99 million for the quarter, compared to analysts’ expectations of $43.99 million.

NL Industries Price Performance

NL opened at $7.03 on Friday. NL Industries has a 12 month low of $5.04 and a 12 month high of $8.60. The stock has a market capitalization of $343.76 million, a P/E ratio of -14.17 and a beta of 0.15. The business has a 50 day simple moving average of $6.88 and a 200-day simple moving average of $6.31.

NL Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Thursday, November 19th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Thursday, November 19th. NL Industries’s dividend payout ratio (DPR) is currently -76.92%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of NL Industries in a research report on Tuesday. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, NL Industries currently has an average 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.