Minerals Technologies (NYSE:MTX) Earns Coverage Optimism Score of 0.12

Media headlines about Minerals Technologies (NYSE:MTX) have been trending somewhat positive on Thursday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Minerals Technologies earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 46.9579963957024 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Shares of Minerals Technologies (NYSE:MTX) opened at $70.85 on Thursday. Minerals Technologies has a 12-month low of $62.55 and a 12-month high of $80.50. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.75 and a quick ratio of 2.04. The stock has a market cap of $2,469.79, a P/E ratio of 15.19 and a beta of 2.29.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings data on Thursday, February 1st. The basic materials company reported $1.10 earnings per share (EPS) for the quarter, beating 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 company had revenue of $432.10 million for the quarter, compared to analyst estimates of $411.95 million. During the same quarter last year, the firm posted $1.08 earnings per share. The business’s quarterly revenue was up 7.7% on a year-over-year basis. analysts anticipate that Minerals Technologies will post 4.95 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Friday, February 16th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.28%. The ex-dividend date is Thursday, February 15th. Minerals Technologies’s dividend payout ratio (DPR) is presently 3.66%.

A number of research firms have recently issued reports on MTX. Zacks Investment Research downgraded shares of Minerals Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. ValuEngine lowered shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, KeyCorp reiterated a “hold” rating on shares of Minerals Technologies in a report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $80.00.

In other Minerals Technologies news, Director Joseph C. Breunig bought 800 shares of the stock in a transaction on Wednesday, February 7th. The shares were bought at an average price of $69.36 per share, with a total value of $55,488.00. Following the purchase, the director now directly owns 1,200 shares in the company, valued at approximately $83,232. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.20% of the stock is currently owned by insiders.

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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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