Minerals Technologies (MTX) Set to Announce Quarterly Earnings on Thursday

Minerals Technologies (NYSE:MTX) will be announcing its earnings results after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $1.53 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Minerals Technologies (NYSE:MTX) last released its quarterly earnings data on Thursday, July 25th. The basic materials company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.05. The company had revenue of $541.20 million for the quarter, compared to analyst estimates of $561.60 million. Minerals Technologies had a return on equity of 11.46% and a net margin of 4.05%. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 earnings per share. On average, analysts expect Minerals Technologies to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Minerals Technologies Trading Down 1.0 %

Shares of MTX stock opened at $77.17 on Wednesday. Minerals Technologies has a twelve month low of $50.30 and a twelve month high of $90.29. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 26.70 and a beta of 1.30. The company’s 50-day moving average price is $75.02 and its 200-day moving average price is $78.19. The company has a current ratio of 2.46, a quick ratio of 1.72 and a debt-to-equity ratio of 0.53.

Minerals Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.11 per share. This is a boost from Minerals Technologies’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, October 31st. This represents a $0.44 annualized dividend and a yield of 0.57%. Minerals Technologies’s dividend payout ratio (DPR) is 15.22%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Saturday.

About Minerals Technologies

Minerals Technologies Inc develops, produces, and markets various mineral, mineral-based, and related systems and services. The company operates through two segments, Consumer & Specialties, and Engineered Solutions segments. The Consumer & Specialties segment offers household and personal care products, such as pet litter, personal care, fabric care, edible oil and other fluid purification, animal health, and agricultural products; and specialty additives products, including precipitated calcium carbonate and ground calcium carbonate products that are used in the paper, paperboard, and fiber based packaging industries, as well as automotive, construction, and table and food applications.