Media coverage about Minerals Technologies (NYSE:MTX) has been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Minerals Technologies earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 45.6742541899016 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Minerals Technologies (MTX) opened at $75.80 on Friday. The firm has a market cap of $2,680.00, a price-to-earnings ratio of 17.31 and a beta of 2.26. Minerals Technologies has a 1-year low of $62.55 and a 1-year high of $83.85. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.66 and a quick ratio of 1.98.
Minerals Technologies (NYSE:MTX) last released its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.02. The firm had revenue of $424.40 million for the quarter, compared to analysts’ expectations of $404.80 million. Minerals Technologies had a net margin of 9.48% and a return on equity of 14.59%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.17 earnings per share. research analysts expect that Minerals Technologies will post 4.57 EPS for the current year.
Minerals Technologies declared that its board has authorized a stock repurchase program on Thursday, September 21st that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the basic materials company to buy up to 6.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
A number of brokerages have issued reports on MTX. Zacks Investment Research raised shares of Minerals Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. KeyCorp reaffirmed a “hold” rating on shares of Minerals Technologies in a report on Monday, November 6th. Finally, ValuEngine raised shares of Minerals Technologies from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $80.00.
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About Minerals Technologies
Minerals Technologies Inc is a resource- and technology-based company that develops, produces and markets a range of specialty mineral, mineral-based and synthetic mineral products and related systems and services around the world. It operates through four segments. The Specialty Minerals segment produces and sells the synthetic mineral product precipitated calcium carbonate (PCC), mines mineral ores, and processes and sells natural mineral products, primarily limestone and talc.
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