$1.26 Earnings Per Share Expected for Minerals Technologies Inc. (NYSE:MTX) This Quarter

Wall Street brokerages expect Minerals Technologies Inc. (NYSE:MTX – Get Rating) to announce $1.26 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Minerals Technologies’ earnings. The lowest EPS estimate is $1.25 and the highest is $1.27. Minerals Technologies posted earnings per share of $1.17 during the same quarter last year, which would suggest a positive year over year growth rate of 7.7%. The firm is expected to report its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Minerals Technologies will report full-year earnings of $5.68 per share for the current fiscal year, with EPS estimates ranging from $5.45 to $5.93. For the next year, analysts expect that the company will post earnings of $6.40 per share, with EPS estimates ranging from $6.15 to $6.84. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that follow Minerals Technologies.

Minerals Technologies (NYSE:MTX – Get Rating) last issued its quarterly earnings results on Thursday, February 3rd. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.04. The company had revenue of $476.90 million for the quarter, compared to the consensus estimate of $497.88 million. Minerals Technologies had a return on equity of 11.00% and a net margin of 8.84%. During the same quarter in the prior year, the business posted $1.08 earnings per share.

Several research firms have commented on MTX. JPMorgan Chase & Co. upgraded Minerals Technologies from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $80.00 to $75.00 in a research note on Monday, February 7th. StockNews.com began coverage on Minerals Technologies in a research report on Thursday, March 31st. They set a “hold” rating for the company. CL King decreased their price objective on Minerals Technologies from $90.00 to $87.00 in a report on Monday, February 7th. Finally, Zacks Investment Research lowered shares of Minerals Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, April 12th.

MTX opened at $63.05 on Friday. The company has a market cap of $2.08 billion, a PE ratio of 13.00 and a beta of 1.38. Minerals Technologies has a twelve month low of $61.25 and a twelve month high of $88.62. The company has a 50-day moving average price of $66.65 and a 200 day moving average price of $69.93. The company has a quick ratio of 1.74, a current ratio of 2.45 and a debt-to-equity ratio of 0.59.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 10th. Stockholders of record on Thursday, February 17th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, February 16th. This represents a $0.20 annualized dividend and a dividend yield of 0.32%. Minerals Technologies’s payout ratio is 4.12%.

A number of large investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Minerals Technologies in the 4th quarter valued at approximately $24,443,000. Barclays PLC lifted its holdings in Minerals Technologies by 22.8% in the fourth quarter. Barclays PLC now owns 46,020 shares of the basic materials company’s stock valued at $3,366,000 after acquiring an additional 8,548 shares during the last quarter. Comerica Bank increased its stake in Minerals Technologies by 1.2% during the fourth quarter. Comerica Bank now owns 15,638 shares of the basic materials company’s stock worth $1,099,000 after acquiring an additional 185 shares during the last quarter. Deutsche Bank AG raised its position in Minerals Technologies by 3.3% in the fourth quarter. Deutsche Bank AG now owns 21,714 shares of the basic materials company’s stock valued at $1,588,000 after purchasing an additional 689 shares during the period. Finally, California State Teachers Retirement System lifted its stake in shares of Minerals Technologies by 1.4% in the 4th quarter. California State Teachers Retirement System now owns 46,433 shares of the basic materials company’s stock valued at $3,397,000 after purchasing an additional 620 shares during the last quarter. Institutional investors own 94.29% of the company’s stock.

Minerals Technologies Company Profile (Get Rating)

Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services. The company operates through three segments: Performance Materials, Specialty Minerals and Refractories. The Performance Materials segment supplies bentonite and bentonite-related products, as well as leonardite.

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