Minerals Technologies Inc. (NYSE:MTX) – Equities researchers at Gabelli decreased their FY2017 earnings per share (EPS) estimates for Minerals Technologies in a note issued to investors on Wednesday. Gabelli analyst R. Morbelli now forecasts that the basic materials company will earn $4.64 per share for the year, down from their prior estimate of $4.75. Gabelli also issued estimates for Minerals Technologies’ FY2018 earnings at $5.10 EPS, FY2019 earnings at $5.60 EPS and FY2020 earnings at $6.15 EPS.

Minerals Technologies (NYSE:MTX) last announced its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by $0.01. Minerals Technologies had a net margin of 9.62% and a return on equity of 15.04%. The business had revenue of $414.10 million during the quarter, compared to analyst estimates of $427.21 million.

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A number of other equities research analysts have also recently issued reports on MTX. Zacks Investment Research cut shares of Minerals Technologies from a “hold” rating to a “sell” rating in a research report on Thursday. ValuEngine cut shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, BidaskClub cut shares of Minerals Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th.

Minerals Technologies (NYSE MTX) opened at 65.35 on Thursday. The firm has a market cap of $2.29 billion, a PE ratio of 17.24 and a beta of 2.20. The stock has a 50 day moving average of $71.89 and a 200-day moving average of $75.05. Minerals Technologies has a 52 week low of $63.55 and a 52 week high of $83.85.

Several large investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Minerals Technologies by 9.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,471 shares of the basic materials company’s stock worth $108,000 after buying an additional 125 shares during the last quarter. Elkfork Partners LLC boosted its stake in shares of Minerals Technologies by 7.4% in the first quarter. Elkfork Partners LLC now owns 1,606 shares of the basic materials company’s stock worth $123,000 after buying an additional 110 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Minerals Technologies by 41.5% in the first quarter. Victory Capital Management Inc. now owns 1,747 shares of the basic materials company’s stock worth $134,000 after buying an additional 512 shares during the last quarter. Meadow Creek Investment Management LLC boosted its stake in shares of Minerals Technologies by 7.4% in the first quarter. Meadow Creek Investment Management LLC now owns 2,044 shares of the basic materials company’s stock worth $157,000 after buying an additional 140 shares during the last quarter. Finally, First Mercantile Trust Co. boosted its stake in shares of Minerals Technologies by 1.7% in the second quarter. First Mercantile Trust Co. now owns 2,420 shares of the basic materials company’s stock worth $177,000 after buying an additional 40 shares during the last quarter. 94.46% of the stock is owned by institutional investors.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Friday, August 25th will be given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.31%. Minerals Technologies’s payout ratio is presently 4.55%.

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 supporting systems and services around the world. It operates through five segments. The Specialty Minerals produces and sells the synthetic mineral product precipitated calcium carbonate (PCC) and processed mineral product quicklime (lime).

Earnings History and Estimates for Minerals Technologies (NYSE:MTX)

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