Minerals Technologies (NYSE:MTX) issued its quarterly earnings data on Thursday. The basic materials company reported $1.27 EPS for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.02, Briefing.com reports. The company had revenue of $464.10 million for the quarter, compared to analysts’ expectations of $464.20 million. Minerals Technologies had a return on equity of 13.02% and a net margin of 11.50%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.19 earnings per share.
Shares of NYSE:MTX traded up $2.00 during trading on Friday, hitting $58.65. The company’s stock had a trading volume of 215,700 shares, compared to its average volume of 141,495. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.53 and a current ratio of 2.08. Minerals Technologies has a fifty-two week low of $53.15 and a fifty-two week high of $80.80. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 12.78, a price-to-earnings-growth ratio of 1.38 and a beta of 2.16.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Monday, November 26th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend is Friday, November 23rd. Minerals Technologies’s dividend payout ratio (DPR) is 4.36%.
In other Minerals Technologies news, Director John J. Carmola purchased 800 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The shares were acquired at an average price of $68.00 per share, for a total transaction of $54,400.00. Following the completion of the purchase, the director now owns 1,200 shares in the company, valued at approximately $81,600. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.40% of the company’s stock.
Several research analysts recently commented on the company. Zacks Investment Research cut Minerals Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, August 25th. ValuEngine cut Minerals Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. Finally, TheStreet cut Minerals Technologies from a “b-” rating to a “c+” rating in a research note on Tuesday.
Minerals Technologies Company Profile
Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services worldwide. The company's Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc.
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