Equities analysts expect Minerals Technologies Inc. (NYSE:MTX – Get Rating) to post sales of $514.21 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Minerals Technologies’ earnings. The lowest sales estimate is $509.00 million and the highest is $519.41 million. Minerals Technologies posted sales of $452.60 million during the same quarter last year, which suggests a positive year over year growth rate of 13.6%. The firm is expected to report its next earnings results after the market closes on Monday, January 1st.
According to Zacks, analysts expect that Minerals Technologies will report full-year sales of $2.09 billion for the current year, with estimates ranging from $2.07 billion to $2.10 billion. For the next fiscal year, analysts forecast that the firm will post sales of $2.17 billion, with estimates ranging from $2.14 billion to $2.20 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Minerals Technologies.
Minerals Technologies (NYSE:MTX – Get Rating) last released its quarterly earnings data on Thursday, February 3rd. The basic materials company reported $1.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.04. Minerals Technologies had a return on equity of 11.00% and a net margin of 8.84%. The firm had revenue of $476.90 million during the quarter, compared to the consensus estimate of $497.88 million. During the same quarter in the previous year, the company posted $1.08 earnings per share.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTX. FMR LLC lifted its position in Minerals Technologies by 426,500.0% during the first quarter. FMR LLC now owns 8,532 shares of the basic materials company’s stock valued at $501,000 after purchasing an additional 8,530 shares in the last quarter. First Trust Advisors LP increased its stake in Minerals Technologies by 4.2% during the first quarter. First Trust Advisors LP now owns 33,348 shares of the basic materials company’s stock worth $1,961,000 after acquiring an additional 1,348 shares during the last quarter. Morgan Stanley grew its stake in shares of Minerals Technologies by 227.0% during the second quarter. Morgan Stanley now owns 151,116 shares of the basic materials company’s stock valued at $11,888,000 after buying an additional 104,909 shares during the last quarter. Strs Ohio grew its stake in shares of Minerals Technologies by 80.7% during the third quarter. Strs Ohio now owns 15,000 shares of the basic materials company’s stock valued at $1,047,000 after buying an additional 6,700 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Minerals Technologies by 123.0% during the third quarter. SG Americas Securities LLC now owns 41,679 shares of the basic materials company’s stock valued at $2,911,000 after buying an additional 22,991 shares during the last quarter. Institutional investors own 94.29% of the company’s stock.
Shares of NYSE:MTX opened at $62.75 on Tuesday. Minerals Technologies has a 1 year low of $61.25 and a 1 year high of $88.62. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.45 and a quick ratio of 1.74. The company has a fifty day simple moving average of $66.49. The company has a market cap of $2.07 billion, a P/E ratio of 12.94 and a beta of 1.38.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 10th. Shareholders of record on Thursday, February 17th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date was Wednesday, February 16th. Minerals Technologies’s payout ratio is 4.12%.
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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