Minerals Technologies (NYSE:MTX – Get Free Report) issued an update on its fourth quarter 2026 earnings guidance on Tuesday. The company provided EPS guidance of 1.150-1.200 for the period, compared to the consensus estimate of 1.310. The company issued revenue guidance of $525.0 million, compared to the consensus revenue estimate of $533.5 million.
Minerals Technologies Trading Down 1.8%
MTX opened at $63.64 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.45 and a debt-to-equity ratio of 0.59. Minerals Technologies has a 52 week low of $54.65 and a 52 week high of $84.34. The stock has a market cap of $1.98 billion, a PE ratio of 11.22 and a beta of 1.15. The business has a 50 day moving average of $66.47 and a 200-day moving average of $71.31.
Minerals Technologies (NYSE:MTX – Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The basic materials company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.09. Minerals Technologies had a negative net margin of 3.12% and a positive return on equity of 10.73%. The business had revenue of $554.90 million for the quarter, compared to the consensus estimate of $552.20 million. During the same period last year, the firm earned $1.55 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts predict that Minerals Technologies will post 5.67 earnings per share for the current fiscal year.
Minerals Technologies Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 5th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, November 5th. This is a positive change from Minerals Technologies’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 0.8%. Minerals Technologies’s payout ratio is presently -22.12%.
Analysts Set New Price Targets
Several equities research analysts have issued reports on MTX shares. Zacks Research cut shares of Minerals Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 14th. Wall Street Zen downgraded shares of Minerals Technologies from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings downgraded shares of Minerals Technologies from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, October 27th. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Minerals Technologies currently has an average rating of “Reduce” and a consensus target price of $90.00.
Get Our Latest Research Report on Minerals Technologies
About Minerals Technologies
Minerals Technologies Inc (NYSE: MTX) is a global specialty minerals and materials company that develops, produces and markets mineral-based products and engineered solutions for industrial and consumer applications. Its products are used in industries including paper and packaging, construction, environmental services, agriculture, food, personal care and automotive manufacturing.
The company supplies materials such as precipitated calcium carbonate, talc, bentonite, perlite and other specialty minerals.
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