Minerals Technologies (MTX) Getting Somewhat Positive Media Coverage, Report Finds

Media headlines about Minerals Technologies (NYSE:MTX) have been trending somewhat positive on Friday, according to Accern. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Minerals Technologies earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 45.4800281776958 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Minerals Technologies (NYSE:MTX) opened at $75.05 on Friday. The firm has a market capitalization of $2,650.00, a price-to-earnings ratio of 17.13 and a beta of 2.26. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.98 and a current ratio of 2.66. Minerals Technologies has a twelve month low of $62.55 and a twelve month high of $83.85.

Minerals Technologies (NYSE:MTX) last released its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.02. The firm had revenue of $424.40 million for the quarter, compared to analysts’ expectations of $404.80 million. Minerals Technologies had a return on equity of 14.59% and a net margin of 9.48%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 EPS. sell-side analysts predict that Minerals Technologies will post 4.57 earnings per share for the current fiscal year.

Minerals Technologies declared that its board has authorized a stock repurchase plan on Thursday, September 21st that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the basic materials company to purchase up to 6.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Several equities analysts recently issued reports on MTX shares. Zacks Investment Research raised Minerals Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. KeyCorp reaffirmed a “hold” rating on shares of Minerals Technologies in a research report on Monday, November 6th. Finally, ValuEngine raised Minerals Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Minerals Technologies presently has a consensus rating of “Hold” and a consensus price target of $80.00.

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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.

Insider Buying and Selling by Quarter for Minerals Technologies (NYSE:MTX)

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