Minerals Technologies (NYSE:MTX) Announces Earnings Results, Beats Expectations By $0.22 EPS

Minerals Technologies (NYSE:MTX) announced its quarterly earnings results on Thursday. The basic materials company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.22, Briefing.com reports. The company had revenue of $534.50 million for the quarter, compared to analyst estimates of $545.55 million. Minerals Technologies had a net margin of 4.35% and a return on equity of 10.94%. Minerals Technologies’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the business earned $1.14 EPS.

Minerals Technologies Trading Up 3.5 %

Minerals Technologies stock opened at $73.68 on Friday. The firm has a 50-day moving average price of $72.78 and a two-hundred day moving average price of $66.49. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 25.49 and a beta of 1.33. Minerals Technologies has a 52-week low of $48.61 and a 52-week high of $78.04. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.54.

Insider Transactions at Minerals Technologies

In related news, insider Dj Monagle III sold 1,180 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 81,031 shares of the company’s stock, valued at $6,006,017.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, SVP Jonathan J. Hastings sold 12,922 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $71.48, for a total value of $923,664.56. Following the completion of the sale, the senior vice president now owns 53,862 shares in the company, valued at approximately $3,850,055.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Dj Monagle III sold 1,180 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 81,031 shares of the company’s stock, 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.

Analyst Ratings Changes

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

Minerals Technologies Company Profile

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.