NACCO Industries (NYSE:NC) Announces Earnings Results

NACCO Industries (NYSE:NC) announced its quarterly earnings results on Wednesday. The company reported $1.02 EPS for the quarter, Zacks reports. NACCO Industries had a negative net margin of 7.94% and a positive return on equity of 8.87%.

NACCO Industries Stock Performance

Shares of NYSE NC traded down $0.01 during midday trading on Wednesday, reaching $32.40. 7,536 shares of the company traded hands, compared to its average volume of 15,031. NACCO Industries has a 52 week low of $25.19 and a 52 week high of $34.74. The company has a market cap of $236.39 million, a price-to-earnings ratio of -13.96 and a beta of 0.94. The stock has a 50-day moving average price of $31.38 and a 200 day moving average price of $29.72. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.76 and a quick ratio of 2.39.

NACCO Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.2275 per share. This represents a $0.91 annualized dividend and a yield of 2.81%. The ex-dividend date is Monday, March 3rd. NACCO Industries’s payout ratio is currently -39.22%.

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.