Minerals Technologies (MTX) to Release Earnings on Thursday

Minerals Technologies (NYSE:MTX) is scheduled to be announcing its 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 participating in the company’s conference call can do so using this link.

Minerals Technologies (NYSE:MTX) last posted its earnings results on Friday, February 2nd. The basic materials company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.03. Minerals Technologies had a net margin of 3.88% and a return on equity of 10.26%. The firm had revenue of $524.50 million for the quarter, compared to the consensus estimate of $506.67 million. During the same period in the previous year, the firm posted $0.67 EPS. The business’s quarterly revenue was up 3.3% on a year-over-year basis. 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 Stock Down 0.4 %

Shares of NYSE:MTX opened at $71.35 on Tuesday. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 27.55 and a beta of 1.33. 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 50-day moving average price of $72.70 and a 200 day moving average price of $66.11.

Minerals Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 15th were given a $0.10 dividend. The ex-dividend date 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 is presently 15.44%.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

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

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.