Minerals Technologies (MTX) Set to Announce Quarterly Earnings on Thursday

Minerals Technologies (NYSE:MTX) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.27 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Minerals Technologies (NYSE:MTX) last released its earnings results on Friday, February 2nd. The basic materials company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.03. Minerals Technologies had a net margin of 3.88% and a return on equity of 10.26%. The business had revenue of $524.50 million for the quarter, compared to analyst estimates of $506.67 million. During the same period last year, the company posted $0.67 EPS. The business’s revenue was up 3.3% on a year-over-year basis. On average, analysts expect Minerals Technologies to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Minerals Technologies Trading Up 0.0 %

MTX opened at $71.15 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.40 and a quick ratio of 1.69. The company’s 50 day simple moving average is $72.68 and its two-hundred day simple moving average is $65.60. Minerals Technologies has a 1-year low of $48.61 and a 1-year high of $76.80. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 27.47 and a beta of 1.33.

Minerals Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, February 15th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Wednesday, February 14th. Minerals Technologies’s dividend payout ratio (DPR) is 15.44%.

Wall Street Analysts Forecast Growth

MTX has been the topic of a number of research reports. TheStreet raised shares of Minerals Technologies from a “c+” rating to a “b” rating in a research note on Friday, February 2nd. StockNews.com raised shares of Minerals Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Finally, Seaport Res Ptn raised shares of Minerals Technologies from a “neutral” rating to a “buy” rating in a research report on Monday, February 5th. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, Minerals Technologies presently has a consensus rating of “Buy” and an average price target of $68.50.

Insider Activity

In related news, SVP Jonathan J. Hastings sold 12,922 shares of Minerals Technologies stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $71.48, for a total value of $923,664.56. Following the completion of the sale, the senior vice president now owns 53,862 shares in the company, valued at approximately $3,850,055.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Jonathan J. Hastings sold 12,922 shares of Minerals Technologies stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $71.48, for a total value of $923,664.56. Following the completion of the sale, the senior vice president now owns 53,862 shares in the company, valued at approximately $3,850,055.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dj Monagle III sold 1,180 shares of Minerals Technologies stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $74.12, for a total transaction of $87,461.60. Following the completion of the sale, the insider now owns 81,031 shares of the company’s stock, valued at approximately $6,006,017.72. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company’s stock.

Institutional Trading of Minerals Technologies

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Minerals Technologies by 10.5% in the third quarter. Vanguard Group Inc. now owns 3,585,400 shares of the basic materials company’s stock worth $177,155,000 after acquiring an additional 341,092 shares in the last quarter. Macquarie Group Ltd. grew its stake in shares of Minerals Technologies by 1.5% in the first quarter. Macquarie Group Ltd. now owns 1,902,689 shares of the basic materials company’s stock worth $114,960,000 after acquiring an additional 28,500 shares in the last quarter. Morgan Stanley grew its stake in shares of Minerals Technologies by 395.5% in the fourth quarter. Morgan Stanley now owns 1,334,204 shares of the basic materials company’s stock worth $81,013,000 after acquiring an additional 1,064,915 shares in the last quarter. State Street Corp grew its stake in shares of Minerals Technologies by 1.6% in the first quarter. State Street Corp now owns 1,237,693 shares of the basic materials company’s stock worth $74,781,000 after acquiring an additional 19,679 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Minerals Technologies by 15.7% in the fourth quarter. Victory Capital Management Inc. now owns 1,221,314 shares of the basic materials company’s stock worth $74,158,000 after acquiring an additional 165,742 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

About Minerals Technologies

Minerals Technologies Inc develops, produces, and markets various mineral, mineral-based, and related systems and services. The company operates through two segments, Consumer & Specialties, and Engineered Solutions segments. The Consumer & Specialties segment offers household and personal care products, such as pet litter, personal care, fabric care, edible oil and other fluid purification, animal health, and agricultural products; and specialty additives products, including precipitated calcium carbonate and ground calcium carbonate products that are used in the paper, paperboard, and fiber based packaging industries, as well as automotive, construction, and table and food applications.