NACCO Industries (NC) Set to Announce Quarterly Earnings on Wednesday

NACCO Industries (NYSE:NC) will be posting its quarterly earnings results after the market closes on Wednesday, May 1st.

NACCO Industries (NYSE:NC) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $1.08 EPS for the quarter. The business had revenue of $56.76 million for the quarter. NACCO Industries had a negative net margin of 18.43% and a positive return on equity of 2.97%.

NACCO Industries Price Performance

Shares of NYSE:NC traded up $0.10 during mid-day trading on Wednesday, reaching $28.25. The stock had a trading volume of 1,242 shares, compared to its average volume of 14,911. The company has a market cap of $211.88 million, a P/E ratio of -5.34 and a beta of 0.81. NACCO Industries has a 1 year low of $27.26 and a 1 year high of $38.66. The business’s 50 day moving average price is $30.68 and its 200 day moving average price is $33.87. The company has a current ratio of 3.31, a quick ratio of 2.21 and a debt-to-equity ratio of 0.06.

NACCO Industries Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a dividend of $0.2175 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.87 annualized dividend and a yield of 3.08%. NACCO Industries’s payout ratio is currently -16.45%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at NACCO Industries

In other news, SVP Thomas A. Maxwell sold 866 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $29.64, for a total value of $25,668.24. Following the sale, the senior vice president now directly owns 8,834 shares in the company, valued at approximately $261,839.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 40.31% of the company’s stock.

NACCO Industries Company Profile

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.