Minerals Technologies (MTX) Releases Earnings Results, Beats Expectations By $0.02 EPS

Minerals Technologies (NYSE:MTX) announced its quarterly earnings results on Thursday. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.02, Briefing.com reports. The firm had revenue of $464.10 million during the quarter, compared to analyst estimates of $464.20 million. Minerals Technologies had a return on equity of 13.02% and a net margin of 11.50%. Minerals Technologies’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.19 earnings per share.

Minerals Technologies stock traded up $2.00 during mid-day trading on Friday, reaching $58.65. 215,700 shares of the company were exchanged, compared to its average volume of 141,495. The company has a quick ratio of 1.53, a current ratio of 2.08 and a debt-to-equity ratio of 0.73. The firm has a market cap of $1.95 billion, a P/E ratio of 12.78, a P/E/G ratio of 1.38 and a beta of 2.16. Minerals Technologies has a 12-month low of $53.15 and a 12-month high of $80.80.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Monday, November 26th will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, November 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.34%. Minerals Technologies’s dividend payout ratio is currently 4.36%.

In related news, Director John J. Carmola bought 800 shares of the stock in a transaction on Wednesday, August 8th. The stock was bought at an average price of $68.00 per share, for a total transaction of $54,400.00. Following the completion of the acquisition, the director now directly owns 1,200 shares in the company, valued at $81,600. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.40% of the stock is owned by corporate insiders.

A number of analysts recently issued reports on MTX shares. Zacks Investment Research upgraded Minerals Technologies from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. TheStreet lowered Minerals Technologies from a “b-” rating to a “c+” rating in a report on Tuesday. Finally, ValuEngine lowered Minerals Technologies from a “hold” rating to a “sell” rating in a report on Monday, October 8th.

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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Earnings History for Minerals Technologies (NYSE:MTX)

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