Minerals Technologies (MTX) Set to Announce Quarterly Earnings on Thursday

Minerals Technologies (NYSE:MTX) will be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.27 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings results on Friday, February 2nd. The basic materials company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.03. Minerals Technologies had a return on equity of 10.26% and a net margin of 3.88%. The business had revenue of $524.50 million for the quarter, compared to analyst estimates of $506.67 million. During the same period last year, the company earned $0.67 EPS. Minerals Technologies’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts expect Minerals Technologies to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Minerals Technologies Price Performance

MTX opened at $71.15 on Thursday. The stock’s 50 day simple moving average is $72.68 and its 200 day simple moving average is $65.60. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.40 and a quick ratio of 1.69. Minerals Technologies has a 1 year low of $48.61 and a 1 year high of $76.80. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 27.47 and a beta of 1.33.

Minerals Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 15th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.40 annualized dividend and a yield of 0.56%. Minerals Technologies’s payout ratio is 15.44%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. TheStreet upgraded Minerals Technologies from a “c+” rating to a “b” rating in a report on Friday, February 2nd. Seaport Res Ptn upgraded Minerals Technologies from a “neutral” rating to a “buy” rating in a report on Monday, February 5th. Finally, StockNews.com upgraded Minerals Technologies from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $68.50.

Insiders Place Their Bets

In other Minerals Technologies news, insider Dj Monagle III sold 1,180 shares of Minerals Technologies stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $74.12, for a total value of $87,461.60. Following the completion of the sale, the insider now owns 81,031 shares of the company’s stock, valued at approximately $6,006,017.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Jonathan J. Hastings sold 12,922 shares of Minerals Technologies stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $71.48, for a total value of $923,664.56. Following the completion of the sale, the senior vice president now owns 53,862 shares of the company’s stock, valued at $3,850,055.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dj Monagle III sold 1,180 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $74.12, for a total value of $87,461.60. Following the completion of the sale, the insider now owns 81,031 shares in the company, valued at $6,006,017.72. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Minerals Technologies

Several large investors have recently added to or reduced their stakes in MTX. PNC Financial Services Group Inc. grew its stake in shares of Minerals Technologies by 114.3% during the first quarter. PNC Financial Services Group Inc. now owns 10,205 shares of the basic materials company’s stock valued at $675,000 after buying an additional 5,442 shares during the last quarter. MetLife Investment Management LLC grew its stake in shares of Minerals Technologies by 40.2% during the first quarter. MetLife Investment Management LLC now owns 38,222 shares of the basic materials company’s stock valued at $2,528,000 after buying an additional 10,965 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Minerals Technologies by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,202 shares of the basic materials company’s stock valued at $807,000 after buying an additional 1,164 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Minerals Technologies by 8.3% during the first quarter. Great West Life Assurance Co. Can now owns 17,655 shares of the basic materials company’s stock valued at $1,200,000 after buying an additional 1,348 shares during the last quarter. Finally, Yousif Capital Management LLC grew its stake in shares of Minerals Technologies by 1.7% during the first quarter. Yousif Capital Management LLC now owns 17,936 shares of the basic materials company’s stock valued at $1,186,000 after buying an additional 295 shares during the last quarter. 97.29% of the stock is owned by institutional investors.

Minerals Technologies Company Profile

Minerals Technologies Inc develops, produces, and markets various mineral, mineral-based, and related systems and services. The company operates through two segments, Consumer & Specialties, and Engineered Solutions segments. The Consumer & Specialties segment offers household and personal care products, such as pet litter, personal care, fabric care, edible oil and other fluid purification, animal health, and agricultural products; and specialty additives products, including precipitated calcium carbonate and ground calcium carbonate products that are used in the paper, paperboard, and fiber based packaging industries, as well as automotive, construction, and table and food applications.