NACCO Industries (NYSE:NC) Releases Quarterly Earnings Results

NACCO Industries (NYSE:NC) announced its quarterly earnings results on Wednesday. The company reported $0.61 earnings per share for the quarter, Zacks reports. The firm had revenue of $53.29 million for the quarter. NACCO Industries had a negative net margin of 18.68% and a positive return on equity of 2.79%.

NACCO Industries Price Performance

Shares of NC traded up $1.53 during trading hours on Friday, hitting $33.22. 25,685 shares of the company were exchanged, compared to its average volume of 15,028. The firm’s fifty day moving average is $29.69 and its 200 day moving average is $33.48. The company has a market cap of $249.15 million, a price-to-earnings ratio of -6.11 and a beta of 0.82. The company has a quick ratio of 2.21, a current ratio of 3.33 and a debt-to-equity ratio of 0.07. NACCO Industries has a fifty-two week low of $27.26 and a fifty-two week high of $38.66.

NACCO Industries Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a $0.2175 dividend. This represents a $0.87 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend was Friday, March 1st. NACCO Industries’s dividend payout ratio (DPR) is -15.99%.

Insider Transactions at NACCO Industries

In other NACCO Industries news, SVP Thomas A. Maxwell sold 866 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $29.64, for a total value of $25,668.24. Following the completion of the transaction, the senior vice president now owns 8,834 shares of the company’s stock, valued at approximately $261,839.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 41.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, TheStreet downgraded shares of NACCO Industries from a “b-” rating to a “c+” rating in a research note on Thursday, March 7th.

About NACCO Industries

NACCO Industries, Inc, together with its subsidiaries, engages in the natural resources business. The company operates through three segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies.