Brokerages Anticipate Minerals Technologies Inc (MTX) to Post $1.09 Earnings Per Share

Minerals Technologies Inc (NYSE:MTX) has been assigned an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.

Analysts have set a 1-year consensus price objective of $77.00 for the company and are anticipating that the company will post $1.09 earnings per share for the current quarter, according to Zacks. Zacks has also given Minerals Technologies an industry rank of 197 out of 265 based on the ratings given to related companies.

A number of equities analysts have commented on MTX shares. Zacks Investment Research raised shares of Minerals Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. KeyCorp restated a “hold” rating on shares of Minerals Technologies in a report on Monday, November 6th. Finally, ValuEngine upgraded shares of Minerals Technologies from a “hold” rating to a “buy” rating in a report on Thursday, January 4th.

Shares of Minerals Technologies (MTX) traded up $1.70 during trading hours on Friday, hitting $76.75. 197,805 shares of the company’s stock were exchanged, compared to its average volume of 167,887. Minerals Technologies has a 1-year low of $62.55 and a 1-year high of $83.85. The stock has a market cap of $2,714.42, a PE ratio of 17.48 and a beta of 2.26. The company has a quick ratio of 1.98, a current ratio of 2.66 and a debt-to-equity ratio of 0.82.

Minerals Technologies (NYSE:MTX) last issued its quarterly earnings data on Thursday, November 2nd. The basic materials company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.02. Minerals Technologies had a net margin of 9.48% and a return on equity of 14.59%. The business had revenue of $424.40 million during the quarter, compared to analysts’ expectations of $404.80 million. During the same period last year, the company posted $1.17 EPS. The business’s revenue was up 6.2% on a year-over-year basis. equities research analysts forecast that Minerals Technologies will post 4.57 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Tocqueville Asset Management L.P. lifted its holdings in shares of Minerals Technologies by 11.2% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 213,646 shares of the basic materials company’s stock worth $15,094,000 after acquiring an additional 21,500 shares during the last quarter. FMR LLC bought a new stake in shares of Minerals Technologies in the 2nd quarter worth about $1,183,000. GSA Capital Partners LLP bought a new stake in shares of Minerals Technologies in the 2nd quarter worth about $423,000. Legal & General Group Plc lifted its holdings in shares of Minerals Technologies by 11.3% in the 3rd quarter. Legal & General Group Plc now owns 30,041 shares of the basic materials company’s stock worth $2,122,000 after acquiring an additional 3,055 shares during the last quarter. Finally, New Amsterdam Partners LLC NY bought a new stake in shares of Minerals Technologies in the 3rd quarter worth about $2,496,000. Hedge funds and other institutional investors own 94.93% of the company’s stock.

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Minerals Technologies Company Profile

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.

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