Media stories about Minerals Technologies (NYSE:MTX) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Minerals Technologies earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 47.0723852733711 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- FY2017 EPS Estimates for Minerals Technologies Inc. (MTX) Reduced by Gabelli (americanbankingnews.com)
- Zacks: Brokerages Set $77.00 Target Price for Minerals Technologies Inc. (MTX) (americanbankingnews.com)
- Minerals Technologies, Inc. breached its 50 day moving average in a Bearish Manner : MTX-US : November 16, 2017 (finance.yahoo.com)
- Minerals Technologies, Inc. – Value Analysis (NYSE:MTX) : November 17, 2017 (finance.yahoo.com)
- Minerals Technologies Inc. Plans Quarterly Dividend of $0.05 (MTX) (americanbankingnews.com)
Minerals Technologies (NYSE MTX) traded up $0.95 during trading hours on Tuesday, reaching $72.45. 124,084 shares of the company’s stock were exchanged, compared to its average volume of 139,133. The company has a market cap of $2,502.21, a price-to-earnings ratio of 15.48 and a beta of 2.26. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.98 and a current ratio of 2.66. Minerals Technologies has a 1-year low of $62.55 and a 1-year high of $83.85.
Minerals Technologies (NYSE:MTX) last released its quarterly earnings data on Thursday, November 2nd. The basic materials company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.02. The business had revenue of $424.40 million during the quarter, compared to analyst estimates of $404.80 million. Minerals Technologies had a net margin of 9.48% and a return on equity of 14.59%. Minerals Technologies’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business earned $1.17 EPS. sell-side analysts anticipate that Minerals Technologies will post 4.58 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Monday, November 27th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, November 24th. This represents a $0.20 dividend on an annualized basis and a yield of 0.28%. Minerals Technologies’s dividend payout ratio is currently 4.56%.
Minerals Technologies announced that its board has authorized a share repurchase plan on Thursday, September 21st that permits the company to buyback $150.00 million in shares. This buyback authorization permits the basic materials company to purchase up to 6.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.
MTX has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Minerals Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. ValuEngine cut shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, KeyCorp reissued a “hold” rating on shares of Minerals Technologies in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Minerals Technologies presently has a consensus rating of “Hold” and a consensus target price of $80.00.
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In other Minerals Technologies news, insider Dj Monagle III sold 25,639 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $70.03, for a total transaction of $1,795,499.17. Following the completion of the sale, the insider now directly owns 39,579 shares in the company, valued at approximately $2,771,717.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.20% of the stock is currently owned by company insiders.
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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