Minerals Technologies (MTX) to Release Quarterly Earnings on Thursday

Minerals Technologies (NYSE:MTX) is set to issue its quarterly earnings data after the market closes on Thursday, July 25th. Analysts expect the company to announce earnings of $1.61 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Minerals Technologies (NYSE:MTX) last released its quarterly earnings data on Thursday, April 25th. The basic materials company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.22. Minerals Technologies had a return on equity of 10.87% and a net margin of 4.35%. The business had revenue of $534.50 million during the quarter, compared to analyst estimates of $545.55 million. During the same quarter in the previous year, the firm posted $1.14 EPS. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. 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 Up 0.8 %

NYSE:MTX opened at $88.86 on Wednesday. Minerals Technologies has a 12-month low of $48.61 and a 12-month high of $89.87. The firm has a market capitalization of $2.87 billion, a P/E ratio of 30.75 and a beta of 1.32. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.49 and a quick ratio of 1.75. The business has a 50 day simple moving average of $84.07 and a 200 day simple moving average of $76.12.

Minerals Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.45%. The ex-dividend date is Friday, August 16th. Minerals Technologies’s payout ratio is currently 13.84%.

Insider Buying and Selling at Minerals Technologies

In other Minerals Technologies news, Director Kristina M. Johnson bought 400 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were purchased at an average price of $80.92 per share, with a total value of $32,368.00. Following the purchase, the director now directly owns 400 shares of the company’s stock, valued at $32,368. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Douglas T. Dietrich sold 12,010 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $84.85, for a total value of $1,019,048.50. Following the sale, the chief executive officer now owns 145,547 shares of the company’s stock, valued at approximately $12,349,662.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kristina M. Johnson acquired 400 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was purchased at an average cost of $80.92 per share, for a total transaction of $32,368.00. Following the purchase, the director now directly owns 400 shares in the company, valued at approximately $32,368. The disclosure for this purchase can be found here. Insiders have sold 57,459 shares of company stock valued at $4,842,108 in the last quarter. Corporate insiders own 3.50% of the company’s 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.