Minerals Technologies Inc (NYSE:MTX) has been given a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Analysts have set a one year consensus target price of $77.00 for the company and are forecasting that the company will post $1.12 EPS for the current quarter, according to Zacks. Zacks has also given Minerals Technologies an industry rank of 193 out of 265 based on the ratings given to related companies.
MTX has been the subject of several research analyst reports. ValuEngine raised Minerals Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th. Zacks Investment Research raised Minerals Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, January 18th. Finally, KeyCorp reissued a “hold” rating on shares of Minerals Technologies in a research note on Monday, November 6th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado purchased a new position in Minerals Technologies during the 4th quarter valued at about $152,000. Global X Management Co. LLC grew its holdings in shares of Minerals Technologies by 75.9% during the 4th quarter. Global X Management Co. LLC now owns 2,434 shares of the basic materials company’s stock worth $168,000 after acquiring an additional 1,050 shares during the period. Boothbay Fund Management LLC purchased a new position in shares of Minerals Technologies during the 3rd quarter worth approximately $218,000. Victory Capital Management Inc. grew its holdings in shares of Minerals Technologies by 67.4% during the 3rd quarter. Victory Capital Management Inc. now owns 3,439 shares of the basic materials company’s stock worth $243,000 after acquiring an additional 1,385 shares during the period. Finally, Alambic Investment Management L.P. purchased a new position in shares of Minerals Technologies during the 4th quarter worth approximately $262,000. 96.05% of the stock is owned by institutional investors.
Minerals Technologies (NYSE MTX) traded down $0.08 during trading on Monday, reaching $72.17. The company had a trading volume of 36,651 shares, compared to its average volume of 185,608. Minerals Technologies has a twelve month low of $62.55 and a twelve month high of $80.50. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.04 and a current ratio of 2.75. The stock has a market capitalization of $2,560.15, a PE ratio of 13.15 and a beta of 2.29.
Minerals Technologies (NYSE:MTX) last issued its quarterly earnings results on Thursday, February 1st. The basic materials company reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.01. Minerals Technologies had a return on equity of 13.89% and a net margin of 11.64%. The firm had revenue of $432.10 million during the quarter, compared to analyst estimates of $411.95 million. During the same quarter in the previous year, the company posted $1.08 earnings per share. The company’s revenue was up 7.7% compared to the same quarter last year. equities research analysts predict that Minerals Technologies will post 4.95 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Friday, February 16th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend is Thursday, February 15th. Minerals Technologies’s dividend payout ratio (DPR) is presently 3.66%.
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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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