Wall Street brokerages forecast that Minerals Technologies Inc (NYSE:MTX) will announce earnings of $1.12 per share for the current quarter, according to Zacks. Zero analysts have provided estimates for Minerals Technologies’ earnings. Minerals Technologies reported earnings per share of $1.07 during the same quarter last year, which suggests a positive year-over-year growth rate of 4.7%. The company is expected to report its next earnings results on Thursday, May 3rd.
On average, analysts expect that Minerals Technologies will report full-year earnings of $4.93 per share for the current year, with EPS estimates ranging from $4.85 to $5.00. For the next year, analysts expect that the firm will post earnings of $5.50 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Minerals Technologies.
Minerals Technologies (NYSE:MTX) last posted its earnings results on Thursday, February 1st. The basic materials company reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.01. The company had revenue of $432.10 million during the quarter, compared to analyst estimates of $411.95 million. Minerals Technologies had a return on equity of 13.89% and a net margin of 11.64%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.08 earnings per share.
MTX has been the topic of several research analyst reports. Zacks Investment Research raised Minerals Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, January 18th. ValuEngine cut shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. Minerals Technologies presently has an average rating of “Hold” and an average target price of $80.00.
Minerals Technologies (NYSE MTX) traded down $0.45 on Monday, hitting $72.20. The stock had a trading volume of 2,125 shares, compared to its average volume of 167,678. The stock has a market capitalization of $2,588.50, a price-to-earnings ratio of 13.28 and a beta of 2.28. Minerals Technologies has a one year low of $62.55 and a one year high of $80.50. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.75 and a quick ratio of 2.04.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 8th. Shareholders of record on Friday, February 16th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend was Thursday, February 15th. Minerals Technologies’s dividend payout ratio is 3.66%.
In other Minerals Technologies news, Director Joseph C. Breunig purchased 800 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was purchased at an average price of $69.36 per share, for a total transaction of $55,488.00. Following the completion of the purchase, the director now directly owns 1,200 shares in the company, valued at $83,232. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.20% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in MTX. Public Employees Retirement Association of Colorado acquired a new stake in Minerals Technologies in the fourth quarter worth $152,000. Global X Management Co. LLC raised its position in Minerals Technologies by 75.9% in the fourth quarter. Global X Management Co. LLC now owns 2,434 shares of the basic materials company’s stock worth $168,000 after acquiring an additional 1,050 shares during the period. Boothbay Fund Management LLC purchased a new position in shares of Minerals Technologies in the third quarter worth about $218,000. Victory Capital Management Inc. increased its stake in shares of Minerals Technologies by 67.4% in the third quarter. Victory Capital Management Inc. now owns 3,439 shares of the basic materials company’s stock worth $243,000 after purchasing an additional 1,385 shares in the last quarter. Finally, Alambic Investment Management L.P. purchased a new position in shares of Minerals Technologies in the fourth quarter worth about $262,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.
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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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