Minerals Technologies (MTX) Announces Quarterly Earnings Results, Beats Estimates By $0.20 EPS
Minerals Technologies (NYSE:MTX) posted its quarterly earnings results on Thursday. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.20, AnalystRatings.NET reports. The company had revenue of $421.10 million for the quarter, compared to the consensus estimate of $364.63 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 64.0% on a year-over-year basis.
Minerals Technologies (NYSE:MTX) traded down 1.39% on Thursday, hitting $57.32. The stock had a trading volume of 134,899 shares. Minerals Technologies has a one year low of $43.66 and a one year high of $67.35. The stock’s 50-day moving average is $62.93 and its 200-day moving average is $60.12. The company has a market cap of $1.977 billion and a price-to-earnings ratio of 26.21.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 11th. Stockholders of record on Thursday, August 28th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Tuesday, August 26th.
On the ratings front, analysts at Wedbush initiated coverage on shares of Minerals Technologies in a research note on Monday, July 21st. They set an “outperform” rating on the stock.
Minerals Technologies Inc is a resource- and technology-based company that develops, produces and markets worldwide a broad range of specialty mineral, mineral-based and synthetic mineral products and supporting systems and services.
Receive News & Ratings for Minerals Technologies Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Minerals Technologies Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.