Zacks: Analysts Expect Minerals Technologies Inc (NYSE:MTX) to Announce $1.12 EPS
Equities research analysts expect Minerals Technologies Inc (NYSE:MTX) to report $1.12 earnings per share for the current quarter, according to Zacks. Zero analysts have made estimates for Minerals Technologies’ earnings. Minerals Technologies reported earnings per share of $1.07 during the same quarter last year, which suggests a positive year over year growth rate of 4.7%. The business is scheduled to issue its next quarterly earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that Minerals Technologies will report full year earnings of $4.93 per share for the current financial year, with EPS estimates ranging from $4.85 to $5.00. For the next year, analysts expect that the company will post earnings of $5.50 per share. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Minerals Technologies.
Minerals Technologies (NYSE:MTX) last posted its earnings results on Thursday, February 1st. The basic materials company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.01. The company had revenue of $432.10 million during the quarter, compared to analyst estimates of $411.95 million. Minerals Technologies had a return on equity of 13.89% and a net margin of 11.64%. Minerals Technologies’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.08 earnings per share.
In other news, Director Joseph C. Breunig purchased 800 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were acquired at an average cost of $69.36 per share, for a total transaction of $55,488.00. Following the completion of the purchase, the director now directly owns 1,200 shares in the company, valued at approximately $83,232. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.20% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Public Employees Retirement Association of Colorado acquired a new stake in Minerals Technologies during the fourth quarter worth $152,000. Global X Management Co. LLC boosted its holdings in shares of Minerals Technologies by 75.9% in the 4th quarter. Global X Management Co. LLC now owns 2,434 shares of the basic materials company’s stock valued at $168,000 after buying an additional 1,050 shares during the last quarter. Boothbay Fund Management LLC acquired a new stake in shares of Minerals Technologies in the 3rd quarter valued at approximately $218,000. Victory Capital Management Inc. boosted its holdings in shares of Minerals Technologies by 67.4% in the 3rd quarter. Victory Capital Management Inc. now owns 3,439 shares of the basic materials company’s stock valued at $243,000 after buying an additional 1,385 shares during the last quarter. Finally, Alambic Investment Management L.P. acquired a new stake in shares of Minerals Technologies in the 4th quarter valued at approximately $262,000. Institutional investors and hedge funds own 94.98% of the company’s stock.
Shares of Minerals Technologies (NYSE:MTX) opened at $74.05 on Monday. The stock has a market cap of $2,623.96, a price-to-earnings ratio of 13.54 and a beta of 2.28. Minerals Technologies has a 1 year low of $62.55 and a 1 year high of $80.50. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.04 and a current ratio of 2.75.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 8th. Stockholders of record on Friday, February 16th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.27%. Minerals Technologies’s dividend payout ratio (DPR) is 3.66%.
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About Minerals Technologies
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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