Shares of Minerals Technologies Inc (NYSE:MTX) have earned a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Brokerages have set a twelve-month consensus target price of $77.00 for the company and are expecting 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 135 out of 265 based on the ratings given to related companies.
A number of equities analysts recently commented on MTX shares. ValuEngine cut shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research cut shares of Minerals Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th.
Institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC bought a new stake in shares of Minerals Technologies in the 2nd quarter valued at about $1,183,000. Legal & General Group Plc raised its holdings in shares of Minerals Technologies by 11.3% in the 3rd quarter. Legal & General Group Plc now owns 30,041 shares of the basic materials company’s stock valued at $2,122,000 after purchasing an additional 3,055 shares in the last quarter. Swiss National Bank raised its holdings in shares of Minerals Technologies by 2.2% in the 4th quarter. Swiss National Bank now owns 59,800 shares of the basic materials company’s stock valued at $4,117,000 after purchasing an additional 1,300 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Minerals Technologies by 8.1% in the 3rd quarter. Wells Fargo & Company MN now owns 37,364 shares of the basic materials company’s stock valued at $2,639,000 after purchasing an additional 2,796 shares in the last quarter. Finally, Alambic Investment Management L.P. bought a new stake in shares of Minerals Technologies in the 4th quarter valued at about $262,000. Institutional investors own 96.01% of the company’s stock.
Minerals Technologies (NYSE MTX) traded down $0.35 during mid-day trading on Friday, hitting $73.55. 21,858 shares of the company were exchanged, compared to its average volume of 168,247. Minerals Technologies has a 52-week low of $62.55 and a 52-week 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 cap of $2,623.93, a PE ratio of 13.51 and a beta of 2.28.
Minerals Technologies (NYSE:MTX) last released its quarterly earnings results on Thursday, February 1st. The basic materials company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.01. Minerals Technologies had a net margin of 11.64% and a return on equity of 13.89%. The firm had revenue of $432.10 million during the quarter, compared to analysts’ expectations of $411.95 million. During the same period in the previous year, the company earned $1.08 EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. equities research analysts predict that Minerals Technologies will post 4.93 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 8th. Investors of record on Friday, February 16th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, February 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.27%. Minerals Technologies’s dividend payout ratio is presently 3.66%.
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Minerals Technologies Company Profile
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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