Minerals Technologies (MTX) to Release Earnings on Thursday

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

Minerals Technologies (NYSE:MTX) last issued its quarterly earnings results on Friday, February 2nd. The basic materials company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.03. Minerals Technologies had a return on equity of 10.26% and a net margin of 3.88%. The company had revenue of $524.50 million during the quarter, compared to the consensus estimate of $506.67 million. During the same period last year, the company earned $0.67 earnings per share. Minerals Technologies’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 Stock Up 1.2 %

NYSE:MTX opened at $72.21 on Wednesday. Minerals Technologies has a twelve month low of $48.61 and a twelve month high of $76.80. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 27.88 and a beta of 1.33. The stock has a fifty day simple moving average of $72.76 and a 200-day simple moving average of $66.25. The company has a current ratio of 2.40, a quick ratio of 1.69 and a debt-to-equity ratio of 0.54.

Insider Activity

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

Analysts Set New Price Targets

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

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.