Minerals Technologies Inc (NYSE:MTX) – First Analysis lowered their Q1 2019 EPS estimates for Minerals Technologies in a research report issued on Monday, August 13th. First Analysis analyst now anticipates that the basic materials company will earn $1.07 per share for the quarter, down from their previous forecast of $1.31.
Minerals Technologies (NYSE:MTX) last announced its earnings results on Thursday, August 2nd. The basic materials company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.02. Minerals Technologies had a net margin of 11.50% and a return on equity of 13.02%. The business had revenue of $464.70 million during the quarter, compared to the consensus estimate of $442.45 million. During the same quarter last year, the firm earned $1.23 earnings per share. Minerals Technologies’s quarterly revenue was up 12.2% on a year-over-year basis.
Shares of NYSE MTX opened at $66.55 on Wednesday. Minerals Technologies has a twelve month low of $62.55 and a twelve month high of $80.80. The firm has a market cap of $2.44 billion, a P/E ratio of 14.50, a PEG ratio of 1.71 and a beta of 2.23. The company has a quick ratio of 1.53, a current ratio of 2.08 and a debt-to-equity ratio of 0.73.
A number of institutional investors and hedge funds have recently bought and sold shares of MTX. NumerixS Investment Technologies Inc increased its stake in Minerals Technologies by 1,300.0% in the second quarter. NumerixS Investment Technologies Inc now owns 1,400 shares of the basic materials company’s stock valued at $105,000 after purchasing an additional 1,300 shares in the last quarter. Oakbrook Investments LLC bought a new stake in Minerals Technologies in the second quarter valued at $203,000. Zeke Capital Advisors LLC bought a new stake in Minerals Technologies in the second quarter valued at $204,000. Evergreen Capital Management LLC bought a new stake in Minerals Technologies in the first quarter valued at $220,000. Finally, HPM Partners LLC bought a new stake in Minerals Technologies in the second quarter valued at $245,000. 93.09% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Franklin Feder purchased 450 shares of the firm’s stock in a transaction on Thursday, June 28th. The stock was purchased at an average cost of $75.10 per share, with a total value of $33,795.00. Following the completion of the purchase, the director now owns 450 shares in the company, valued at approximately $33,795. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John J. Carmola purchased 800 shares of the firm’s stock in a transaction on Wednesday, August 8th. The stock was bought at an average cost of $68.00 per share, with a total value of $54,400.00. Following the completion of the purchase, the director now owns 1,200 shares of the company’s stock, valued at approximately $81,600. The disclosure for this purchase can be found here. Insiders own 2.40% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 6th. Shareholders of record on Friday, August 24th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend is Thursday, August 23rd. Minerals Technologies’s dividend payout ratio (DPR) is currently 4.36%.
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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