Equities research analysts predict that Minerals Technologies Inc. (NYSE:MTX) will announce earnings per share (EPS) of $1.07 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Minerals Technologies’ earnings, with the highest EPS estimate coming in at $1.09 and the lowest estimate coming in at $1.04. Minerals Technologies reported earnings per share of $1.13 during the same quarter last year, which would suggest a negative year-over-year growth rate of 5.3%. The company is scheduled to report its next earnings results after the market closes on Thursday, May 6th.
According to Zacks, analysts expect that Minerals Technologies will report full-year earnings of $4.58 per share for the current fiscal year, with EPS estimates ranging from $4.40 to $4.75. For the next year, analysts expect that the business will report earnings of $5.05 per share, with EPS estimates ranging from $4.80 to $5.40. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Minerals Technologies.
Minerals Technologies (NYSE:MTX) last issued its quarterly earnings data on Thursday, February 4th. The basic materials company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.13. Minerals Technologies had a net margin of 6.88% and a return on equity of 9.20%. The business had revenue of $431.80 million during the quarter, compared to analysts’ expectations of $396.91 million.
Several brokerages have weighed in on MTX. CL King lifted their price objective on shares of Minerals Technologies from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, January 22nd. Zacks Investment Research upgraded shares of Minerals Technologies from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a research report on Wednesday, March 31st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $71.75.
In related news, SVP Douglas W. Mayger sold 24,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 16th. The shares were sold at an average price of $68.36, for a total transaction of $1,674,820.00. Following the completion of the transaction, the senior vice president now directly owns 51,235 shares in the company, valued at approximately $3,502,424.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas T. Dietrich sold 13,615 shares of the company’s stock in a transaction that occurred on Thursday, February 25th. The stock was sold at an average price of $72.48, for a total transaction of $986,815.20. Following the transaction, the chief executive officer now owns 115,660 shares of the company’s stock, valued at $8,383,036.80. The disclosure for this sale can be found here. Insiders sold a total of 44,361 shares of company stock valued at $3,113,596 over the last 90 days. Corporate insiders own 2.80% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. JJJ Advisors Inc. increased its position in Minerals Technologies by 66.9% during the 1st quarter. JJJ Advisors Inc. now owns 409 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 164 shares in the last quarter. Assetmark Inc. increased its position in Minerals Technologies by 42.4% during the 4th quarter. Assetmark Inc. now owns 702 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 209 shares in the last quarter. Private Capital Group LLC increased its position in Minerals Technologies by 53.2% during the 1st quarter. Private Capital Group LLC now owns 1,215 shares of the basic materials company’s stock worth $92,000 after purchasing an additional 422 shares in the last quarter. Amalgamated Bank acquired a new position in Minerals Technologies during the 4th quarter worth approximately $202,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in Minerals Technologies during the 4th quarter worth approximately $222,000. Institutional investors and hedge funds own 94.75% of the company’s stock.
Minerals Technologies stock traded up $0.36 during midday trading on Tuesday, hitting $79.41. The company’s stock had a trading volume of 167,301 shares, compared to its average volume of 137,065. Minerals Technologies has a 1-year low of $39.43 and a 1-year high of $81.89. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.85 and a quick ratio of 2.91. The company has a 50-day moving average price of $77.47 and a two-hundred day moving average price of $67.56. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 3.30 and a beta of 1.47.
Minerals Technologies Company Profile
Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services. The company's Performance Materials segment supplies bentonite and bentonite-related products, as well as chromite and leonardite.
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