NL Industries (NYSE:NL) Announces Earnings Results

NL Industries (NYSE:NL) announced its earnings results on Thursday. The basic materials company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.13, Zacks reports. NL Industries had a return on equity of 14.74% and a net margin of 38.69%. The firm had revenue of $38.40 million for the quarter.

NL Industries Trading Up 5.4 %

Shares of NL opened at $7.31 on Friday. The firm has a market capitalization of $356.83 million, a P/E ratio of 6.09 and a beta of 0.56. The stock’s fifty day simple moving average is $7.42 and its 200 day simple moving average is $7.49. NL Industries has a twelve month low of $5.20 and a twelve month high of $9.42.

NL Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 11th will be given a $0.09 dividend. This is a positive change from NL Industries’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 4.93%. The ex-dividend date of this dividend is Tuesday, March 11th. NL Industries’s dividend payout ratio (DPR) is 26.09%.

NL Industries Company Profile

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.