Minerals Technologies Inc (NYSE:MTX) – Stock analysts at KeyCorp issued their Q1 2018 earnings estimates for Minerals Technologies in a research report issued to clients and investors on Tuesday. KeyCorp analyst M. Sison anticipates that the basic materials company will post earnings per share of $1.15 for the quarter. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Minerals Technologies’ Q2 2018 earnings at $1.31 EPS, Q3 2018 earnings at $1.31 EPS and Q4 2018 earnings at $1.23 EPS.

Minerals Technologies (NYSE:MTX) last issued its earnings results on Thursday, November 2nd. The basic materials company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.17 by $0.02. The company had revenue of $424.40 million during the quarter, compared to analysts’ expectations of $404.80 million. Minerals Technologies had a net margin of 9.48% and a return on equity of 14.59%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 EPS.

Several other brokerages have also recently commented on MTX. Zacks Investment Research upgraded shares of Minerals Technologies from a “sell” rating to a “hold” rating in a research report on Thursday. ValuEngine upgraded shares of Minerals Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Minerals Technologies has an average rating of “Hold” and a consensus target price of $80.00.

Shares of Minerals Technologies (NYSE:MTX) opened at $75.40 on Thursday. The company has a market cap of $2,671.97, a price-to-earnings ratio of 17.18 and a beta of 2.26. Minerals Technologies has a 1 year low of $62.55 and a 1 year high of $83.85. The company has a current ratio of 2.66, a quick ratio of 1.98 and a debt-to-equity ratio of 0.82.

Several hedge funds have recently made changes to their positions in MTX. Investment Counselors of Maryland LLC acquired a new position in shares of Minerals Technologies in the 3rd quarter valued at $14,577,000. Macquarie Group Ltd. grew its holdings in shares of Minerals Technologies by 20.6% in the 2nd quarter. Macquarie Group Ltd. now owns 1,082,223 shares of the basic materials company’s stock valued at $79,219,000 after buying an additional 184,867 shares during the period. American Century Companies Inc. grew its holdings in shares of Minerals Technologies by 16.6% in the 3rd quarter. American Century Companies Inc. now owns 609,589 shares of the basic materials company’s stock valued at $43,067,000 after buying an additional 86,577 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Minerals Technologies by 15.7% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 555,925 shares of the basic materials company’s stock valued at $39,277,000 after buying an additional 75,250 shares during the period. Finally, Prudential Financial Inc. grew its holdings in shares of Minerals Technologies by 87.5% in the 3rd quarter. Prudential Financial Inc. now owns 119,724 shares of the basic materials company’s stock valued at $8,458,000 after buying an additional 55,878 shares during the period. 94.93% of the stock is owned by institutional investors.

Minerals Technologies declared that its Board of Directors has initiated a stock repurchase plan on Thursday, September 21st that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the basic materials company to buy up to 6.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

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About Minerals Technologies

Minerals Technologies Inc is a resource- and technology-based company that develops, produces and markets a range of specialty mineral, mineral-based and synthetic mineral products and related systems and services around the world. It operates through four segments. The Specialty Minerals segment produces and sells the synthetic mineral product precipitated calcium carbonate (PCC), mines mineral ores, and processes and sells natural mineral products, primarily limestone and talc.

Earnings History and Estimates for Minerals Technologies (NYSE:MTX)

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