Minerals Technologies (MTX) Projected to Post Earnings on Thursday

Minerals Technologies (NYSE:MTX) is projected to release its earnings data after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $1.39 per share and revenue of $522.93 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Minerals Technologies Trading Up 0.8 %

NYSE:MTX opened at $75.89 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.72 and a current ratio of 2.46. The firm has a 50-day simple moving average of $77.30 and a 200-day simple moving average of $76.95. Minerals Technologies has a one year low of $67.92 and a one year high of $90.29. The firm has a market cap of $2.42 billion, a P/E ratio of 16.08 and a beta of 1.30.

Minerals Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 14th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.44 dividend on an annualized basis and a yield of 0.58%. Minerals Technologies’s dividend payout ratio is presently 9.32%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. StockNews.com lowered Minerals Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Truist Financial started coverage on shares of Minerals Technologies in a research note on Tuesday, January 28th. They issued a “buy” rating and a $103.00 target price for the company.

Minerals Technologies Company Profile

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.