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 for power generation companies and an activated carbon producer in North Dakota, Texas, Mississippi, and Louisiana in the United States, as well as Navajo Nation in New Mexico. The North American Mining segment provides value-added contract mining and other services for producers of aggregates, lithium, and other minerals; and contract mining services for independently owned mines and quarries in Florida, Texas, Arkansas, and Indiana. The Minerals Management segment is involved in the leasing of its royalty and mineral interests to third-party exploration and production companies, and other mining companies, which grants them the rights to explore, develop, mine, produce, market, and sell gas, oil, and coal. The company was founded in 1913 and is headquartered in Cleveland, Ohio.
NACCO Industries Stock Down 1.7 %
NC opened at $46.66 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.01 and a quick ratio of 3.70. NACCO Industries has a 12 month low of $24.19 and a 12 month high of $63.19. The stock has a market capitalization of $342.48 million, a price-to-earnings ratio of 4.12 and a beta of 1.00. The business has a 50-day moving average of $40.88 and a two-hundred day moving average of $41.32.
NACCO Industries (NYSE:NC - Get Rating) last released its earnings results on Wednesday, August 3rd. The company reported $2.77 earnings per share for the quarter. NACCO Industries had a net margin of 37.94% and a return on equity of 17.95%. The company had revenue of $61.37 million during the quarter.
Analyst Ratings Changes
Separately, StockNews.com upgraded NACCO Industries from a "hold" rating to a "buy" rating in a research note on Thursday, August 11th.