NL Industries (NYSE:NL) Issues Quarterly Earnings Results, Beats Estimates By $0.13 EPS

NL Industries (NYSE:NL - Get Free Report) issued its earnings results on Thursday. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.13, Zacks reports. NL Industries had a net margin of 38.69% and a return on equity of 14.74%. The business had revenue of $38.40 million for the quarter.

NL Industries Stock Performance

NL stock traded up $0.38 during midday trading on Friday, reaching $7.31. 63,693 shares of the company's stock traded hands, compared to its average volume of 34,637. The company has a 50-day moving average price of $7.41 and a two-hundred day moving average price of $7.50. NL Industries has a 52 week low of $5.20 and a 52 week high of $9.42. The firm has a market capitalization of $356.83 million, a PE ratio of 6.09 and a beta of 0.56.

NL Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.09 per share. This is a boost from NL Industries's previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $0.36 dividend on an annualized basis and a yield of 4.93%. NL Industries's payout ratio is presently 26.09%.

About NL Industries

NL Industries, Inc, through its subsidiary, CompX International Inc, operates in the component products industry in Europe, North America, the Asia Pacific, and internationally. The company manufactures and sells mechanical and electronic cabinet locks and other locking mechanisms, including disc tumbler locks; pin tumbler locking mechanisms under KeSet, System 64, TuBar, and Turbine brands; and electronic locks under CompX eLock and StealthLock brands for use in various applications, such as mailboxes, ignition systems, file cabinets, desk drawers, tool storage cabinets, high security medical cabinetry, integrated inventory and access control secured narcotics boxes, electronic circuit panels, storage compartments, gas station security, vending and cash containment machines.

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