Minerals Technologies (MTX) to Release Earnings on Thursday

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

Minerals Technologies (NYSE:MTX) last announced its quarterly earnings data on Friday, February 2nd. The basic materials company reported $1.28 EPS for the quarter, beating 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 firm had revenue of $524.50 million for the quarter, compared to the consensus estimate of $506.67 million. During the same period in the previous year, the firm posted $0.67 earnings per share. The firm’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 Performance

NYSE:MTX opened at $72.21 on Wednesday. Minerals Technologies has a 1 year low of $48.61 and a 1 year high of $76.80. The firm’s fifty day simple moving average is $72.76 and its 200 day simple moving average is $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. The firm has a market capitalization of $2.33 billion, a PE ratio of 27.88 and a beta of 1.33.

Insider Transactions at Minerals Technologies

In related news, insider Dj Monagle III sold 1,180 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 81,031 shares in the company, valued at $6,006,017.72. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, SVP Jonathan J. Hastings sold 12,922 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $71.48, for a total value of $923,664.56. Following the transaction, the senior vice president now directly owns 53,862 shares in the company, valued at $3,850,055.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dj Monagle III sold 1,180 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 81,031 shares in the company, valued at $6,006,017.72. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

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