Minerals Technologies Inc (NYSE:MTX) has been assigned a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Brokerages have set a 1-year consensus target price of $77.00 for the company and are predicting that the company will post $1.12 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Minerals Technologies an industry rank of 178 out of 265 based on the ratings given to related companies.
A number of analysts recently issued reports on the company. Zacks Investment Research cut Minerals Technologies from a “hold” rating to a “sell” rating in a research report on Thursday. KeyCorp reissued a “hold” rating on shares of Minerals Technologies in a research report on Monday, November 6th. Finally, ValuEngine raised Minerals Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th.
Several large investors have recently made changes to their positions in the business. Citadel Advisors LLC lifted its position in shares of Minerals Technologies by 96.8% in the fourth quarter. Citadel Advisors LLC now owns 135,673 shares of the basic materials company’s stock worth $9,341,000 after buying an additional 66,742 shares during the last quarter. American International Group Inc. lifted its position in shares of Minerals Technologies by 0.8% in the fourth quarter. American International Group Inc. now owns 96,128 shares of the basic materials company’s stock worth $6,618,000 after buying an additional 757 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Minerals Technologies in the fourth quarter worth about $650,000. Royce & Associates LP lifted its position in shares of Minerals Technologies by 12.1% in the fourth quarter. Royce & Associates LP now owns 1,263,881 shares of the basic materials company’s stock worth $87,018,000 after buying an additional 136,595 shares during the last quarter. Finally, BlackRock Inc. lifted its position in shares of Minerals Technologies by 0.5% in the fourth quarter. BlackRock Inc. now owns 3,683,524 shares of the basic materials company’s stock worth $253,611,000 after buying an additional 17,944 shares during the last quarter. 95.62% of the stock is owned by institutional investors.
Minerals Technologies (NYSE MTX) opened at $67.50 on Friday. Minerals Technologies has a twelve month low of $62.55 and a twelve month high of $80.50. The company has a current ratio of 2.75, a quick ratio of 2.04 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $2,320.00, a price-to-earnings ratio of 12.34 and a beta of 2.29.
Minerals Technologies (NYSE:MTX) last issued its quarterly earnings results on Thursday, February 1st. The basic materials company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.01. Minerals Technologies had a return on equity of 13.89% and a net margin of 11.64%. The business had revenue of $432.10 million for the quarter, compared to the consensus estimate of $411.95 million. During the same quarter in the previous year, the company posted $1.08 earnings per share. Minerals Technologies’s revenue for the quarter was up 7.7% compared to the same quarter last year. analysts expect that Minerals Technologies will post 4.95 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Friday, February 16th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.30%. Minerals Technologies’s payout ratio is 3.66%.
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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