Minerals Technologies (MTX) Scheduled to Post Quarterly Earnings on Thursday

Minerals Technologies (NYSE:MTX) will post its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.27 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Minerals Technologies (NYSE:MTX) last released its quarterly earnings results on Friday, February 2nd. The basic materials company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.25 by $0.03. The business had revenue of $524.50 million during the quarter, compared to analyst estimates of $506.67 million. Minerals Technologies had a return on equity of 10.26% and a net margin of 3.88%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the business posted $0.67 earnings per share. On average, analysts expect Minerals Technologies to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Minerals Technologies Price Performance

MTX stock opened at $71.35 on Tuesday. The business’s fifty day moving average price is $72.70 and its 200 day moving average price is $66.11. Minerals Technologies has a 12-month low of $48.61 and a 12-month high of $76.80. The company has a current ratio of 2.40, a quick ratio of 1.69 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $2.30 billion, a PE ratio of 27.55 and a beta of 1.33.

Minerals Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, February 15th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.40 dividend on an annualized basis and a yield of 0.56%. Minerals Technologies’s dividend payout ratio (DPR) is presently 15.44%.

Insider Activity at Minerals Technologies

In other Minerals Technologies news, SVP Jonathan J. Hastings sold 12,922 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $71.48, for a total transaction of $923,664.56. Following the transaction, the senior vice president now owns 53,862 shares of the company’s stock, valued at $3,850,055.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Minerals Technologies news, insider Dj Monagle III sold 1,180 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $74.12, for a total transaction of $87,461.60. Following the transaction, the insider now directly owns 81,031 shares of the company’s stock, valued at approximately $6,006,017.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jonathan J. Hastings sold 12,922 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $71.48, for a total value of $923,664.56. Following the completion of the transaction, the senior vice president now owns 53,862 shares in the company, valued at approximately $3,850,055.76. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MTX has been the subject of several research reports. Seaport Res Ptn upgraded shares of Minerals Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, February 5th. StockNews.com raised shares of Minerals Technologies from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. Finally, TheStreet upgraded shares of Minerals Technologies from a “c+” rating to a “b” rating in a report on Friday, February 2nd. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $68.50.

About Minerals Technologies

Minerals Technologies Inc develops, produces, and markets various mineral, mineral-based, and related systems and services. The company operates through two segments, Consumer & Specialties, and Engineered Solutions segments. The Consumer & Specialties segment offers household and personal care products, such as pet litter, personal care, fabric care, edible oil and other fluid purification, animal health, and agricultural products; and specialty additives products, including precipitated calcium carbonate and ground calcium carbonate products that are used in the paper, paperboard, and fiber based packaging industries, as well as automotive, construction, and table and food applications.