Wall Street brokerages expect that Minerals Technologies Inc. (NYSE:MTXGet Rating) will report $1.46 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Minerals Technologies’ earnings. The lowest EPS estimate is $1.45 and the highest is $1.47. Minerals Technologies reported earnings of $1.29 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 13.2%. The business is scheduled to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Minerals Technologies will report full-year earnings of $5.67 per share for the current fiscal year, with EPS estimates ranging from $5.65 to $5.70. For the next financial year, analysts forecast that the company will report earnings of $6.37 per share, with EPS estimates ranging from $6.15 to $6.65. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Minerals Technologies.

Minerals Technologies (NYSE:MTXGet Rating) last posted its earnings results on Thursday, April 28th. The basic materials company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.11. Minerals Technologies had a net margin of 8.75% and a return on equity of 11.17%. The firm had revenue of $519.10 million during the quarter, compared to the consensus estimate of $513.83 million. During the same quarter last year, the firm earned $1.17 EPS. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis.

Several equities analysts have commented on MTX shares. JPMorgan Chase & Co. raised shares of Minerals Technologies from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $80.00 to $75.00 in a research report on Monday, February 7th. StockNews.com raised shares of Minerals Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research raised shares of Minerals Technologies from a “sell” rating to a “hold” rating in a research report on Friday. Finally, CL King decreased their price objective on shares of Minerals Technologies from $90.00 to $87.00 in a research report on Monday, February 7th.

MTX stock traded down $0.11 during midday trading on Friday, hitting $66.11. The company’s stock had a trading volume of 212,786 shares, compared to its average volume of 132,214. The company has a quick ratio of 1.66, a current ratio of 2.40 and a debt-to-equity ratio of 0.58. Minerals Technologies has a 52-week low of $60.31 and a 52-week high of $88.62. The firm has a market capitalization of $2.18 billion, a P/E ratio of 13.20 and a beta of 1.30. The firm has a 50-day simple moving average of $64.85 and a 200-day simple moving average of $69.20.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Mutual of America Capital Management LLC increased its stake in Minerals Technologies by 0.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 29,784 shares of the basic materials company’s stock valued at $2,179,000 after purchasing an additional 160 shares during the period. First Republic Investment Management Inc. increased its stake in Minerals Technologies by 4.6% in the third quarter. First Republic Investment Management Inc. now owns 4,174 shares of the basic materials company’s stock valued at $292,000 after purchasing an additional 183 shares during the period. Comerica Bank increased its stake in Minerals Technologies by 1.2% in the fourth quarter. Comerica Bank now owns 15,638 shares of the basic materials company’s stock valued at $1,099,000 after purchasing an additional 185 shares during the period. Verdence Capital Advisors LLC increased its stake in Minerals Technologies by 6.2% in the first quarter. Verdence Capital Advisors LLC now owns 3,532 shares of the basic materials company’s stock valued at $234,000 after purchasing an additional 207 shares during the period. Finally, Harbor Investment Advisory LLC increased its stake in Minerals Technologies by 19.9% in the fourth quarter. Harbor Investment Advisory LLC now owns 1,373 shares of the basic materials company’s stock valued at $100,000 after purchasing an additional 228 shares during the period. 94.87% of the stock is owned by hedge funds and other institutional investors.

Minerals Technologies Company Profile (Get Rating)

Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services. The company operates through three segments: Performance Materials, Specialty Minerals and Refractories. The Performance Materials segment supplies bentonite and bentonite-related products, as well as leonardite.

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Earnings History and Estimates for Minerals Technologies (NYSE:MTX)



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