Minerals Technologies (NYSE:MTX) posted its quarterly earnings results on Thursday. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.05, Bloomberg Earnings reports. The company had revenue of $463.80 million for the quarter, compared to analyst estimates of $458.47 million. Minerals Technologies had a net margin of 9.37% and a return on equity of 12.52%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the business posted $1.28 EPS.
NYSE MTX traded up $1.67 during midday trading on Friday, hitting $52.99. The company had a trading volume of 319,092 shares, compared to its average volume of 160,922. The stock has a fifty day moving average of $53.60. The firm has a market cap of $1.81 billion, a PE ratio of 10.95, a price-to-earnings-growth ratio of 1.68 and a beta of 1.85. Minerals Technologies has a fifty-two week low of $47.07 and a fifty-two week high of $80.80. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.66 and a current ratio of 2.31.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 23rd will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $0.20 annualized dividend and a yield of 0.38%. Minerals Technologies’s dividend payout ratio is 4.13%.
Several analysts have issued reports on the stock. ValuEngine upgraded shares of Minerals Technologies from a “strong sell” rating to a “sell” rating in a research report on Friday. Zacks Investment Research lowered shares of Minerals Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, July 9th. JPMorgan Chase & Co. lowered shares of Minerals Technologies from an “overweight” rating to a “neutral” rating and set a $65.00 price target on the stock. in a research report on Wednesday, May 1st. Finally, TheStreet lowered shares of Minerals Technologies from a “b-” rating to a “c+” rating in a research report on Thursday, May 30th. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $65.00.
About Minerals Technologies
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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