Minerals Technologies Inc. (NYSE:MTX) - Stock analysts at KeyCorp lowered their Q3 2017 earnings per share (EPS) estimates for shares of Minerals Technologies in a research note issued to investors on Monday. KeyCorp analyst M. Sison now forecasts that the basic materials company will post earnings per share of $1.17 for the quarter, down from their previous estimate of $1.25. KeyCorp also issued estimates for Minerals Technologies’ Q4 2017 earnings at $1.13 EPS, FY2017 earnings at $4.60 EPS and FY2018 earnings at $5.00 EPS.
Minerals Technologies (NYSE:MTX) last released its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by $0.01. The firm had revenue of $414.10 million during the quarter, compared to analysts’ expectations of $427.21 million. Minerals Technologies had a return on equity of 15.04% and a net margin of 9.62%.
Other analysts have also recently issued research reports about the company. ValuEngine cut Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised Minerals Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, BidaskClub cut Minerals Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th.
Minerals Technologies (MTX) opened at 67.10 on Wednesday. Minerals Technologies has a 12-month low of $63.55 and a 12-month high of $83.85. The stock has a 50 day moving average price of $72.32 and a 200-day moving average price of $75.32. The stock has a market capitalization of $2.35 billion, a P/E ratio of 17.70 and a beta of 2.20.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Friday, August 25th will be given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.30%. Minerals Technologies’s dividend payout ratio is currently 4.55%.
Several hedge funds have recently made changes to their positions in MTX. Pacad Investment Ltd. boosted its stake in shares of Minerals Technologies by 28.0% in the second quarter. Pacad Investment Ltd. now owns 3,200 shares of the basic materials company’s stock worth $234,000 after buying an additional 700 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Minerals Technologies by 6.1% in the second quarter. Principal Financial Group Inc. now owns 163,887 shares of the basic materials company’s stock worth $11,996,000 after buying an additional 9,384 shares in the last quarter. IndexIQ Advisors LLC bought a new stake in shares of Minerals Technologies during the second quarter worth $452,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Minerals Technologies by 9.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,471 shares of the basic materials company’s stock worth $108,000 after buying an additional 125 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in shares of Minerals Technologies by 0.3% in the second quarter. Neuberger Berman Group LLC now owns 155,291 shares of the basic materials company’s stock worth $11,367,000 after buying an additional 500 shares in the last quarter. 94.46% of the stock is owned by institutional investors.
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 supporting systems and services around the world. It operates through five segments. The Specialty Minerals produces and sells the synthetic mineral product precipitated calcium carbonate (PCC) and processed mineral product quicklime (lime).
Receive News & Ratings for Minerals Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Minerals Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
