Brokerages Expect Minerals Technologies Inc (MTX) to Post $1.24 EPS

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Minerals Technologies Inc (NYSE:MTX) has been given an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. Minerals Technologies’ rating score has declined by 100% from 90 days ago as a result of various analysts’ ratings changes.

Analysts have set a one year consensus price objective of $71.00 for the company and are forecasting that the company will post $1.24 earnings per share for the current quarter, according to Zacks. Zacks has also given Minerals Technologies an industry rank of 102 out of 256 based on the ratings given to its competitors.

MTX has been the subject of several recent analyst reports. Zacks Investment Research raised Minerals Technologies from a “sell” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. cut Minerals Technologies from an “overweight” rating to a “neutral” rating and set a $65.00 price objective for the company. in a report on Wednesday, May 1st. TheStreet raised Minerals Technologies from a “c+” rating to a “b-” rating in a report on Thursday, April 25th. Finally, Gabelli reaffirmed a “buy” rating on shares of Minerals Technologies in a report on Thursday, March 28th.

Shares of MTX traded up $0.30 during mid-day trading on Thursday, hitting $57.94. The company’s stock had a trading volume of 91,552 shares, compared to its average volume of 132,323. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.31 and a quick ratio of 1.66. The stock has a market capitalization of $2.01 billion, a P/E ratio of 11.97, a P/E/G ratio of 1.64 and a beta of 1.92. Minerals Technologies has a 1-year low of $47.07 and a 1-year high of $80.80.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $1.11 EPS for the quarter, meeting the consensus estimate of $1.11. The business had revenue of $437.70 million during the quarter, compared to analysts’ expectations of $447.65 million. Minerals Technologies had a return on equity of 12.52% and a net margin of 9.37%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the firm earned $1.12 EPS. Research analysts anticipate that Minerals Technologies will post 4.97 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 30th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $0.20 annualized dividend and a yield of 0.35%. Minerals Technologies’s dividend payout ratio is presently 4.13%.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in Minerals Technologies by 3.8% during the fourth quarter. BlackRock Inc. now owns 4,122,961 shares of the basic materials company’s stock worth $211,673,000 after purchasing an additional 152,414 shares during the last quarter. Vanguard Group Inc. raised its holdings in Minerals Technologies by 1.3% during the third quarter. Vanguard Group Inc. now owns 3,249,318 shares of the basic materials company’s stock worth $219,654,000 after purchasing an additional 41,020 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Minerals Technologies by 3.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,810,140 shares of the basic materials company’s stock worth $106,419,000 after purchasing an additional 67,880 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Minerals Technologies by 4.8% during the first quarter. Victory Capital Management Inc. now owns 1,192,066 shares of the basic materials company’s stock worth $70,082,000 after purchasing an additional 54,062 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in Minerals Technologies by 18.6% during the first quarter. Wellington Management Group LLP now owns 1,134,548 shares of the basic materials company’s stock worth $66,701,000 after purchasing an additional 178,001 shares during the last quarter. 94.92% of the stock is owned by hedge funds and other institutional investors.

Minerals Technologies Company Profile

Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services worldwide. The company's Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc.

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