Minerals Technologies (NYSE:MTX) Issues Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Minerals Technologies (NYSE:MTX) posted its quarterly earnings results on Thursday. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.11, Zacks reports. Minerals Technologies had a net margin of 7.20% and a return on equity of 11.27%.

Minerals Technologies Trading Down 2.3 %

Shares of MTX traded down $1.76 during mid-day trading on Friday, reaching $74.45. The company had a trading volume of 80,011 shares, compared to its average volume of 144,130. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 15.77 and a beta of 1.30. The firm has a fifty day simple moving average of $76.95 and a 200-day simple moving average of $76.87. Minerals Technologies has a fifty-two week low of $67.92 and a fifty-two week high of $90.29. The company has a current ratio of 2.46, a quick ratio of 1.72 and a debt-to-equity ratio of 0.51.

Minerals Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 14th will be issued a $0.11 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.59%. Minerals Technologies’s dividend payout ratio (DPR) is presently 8.49%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. StockNews.com upgraded shares of Minerals Technologies from a “hold” rating to a “buy” rating in a research report on Thursday. Truist Financial initiated coverage on shares of Minerals Technologies in a research report on Tuesday, January 28th. They issued a “buy” rating and a $103.00 price target on the stock.

Minerals Technologies Company Profile

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.