Minerals Technologies (NYSE:MTX) Updates Q2 Earnings Guidance
Minerals Technologies (NYSE:MTX) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.00-1.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.24.
MTX stock opened at $53.59 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.31 and a quick ratio of 1.66. Minerals Technologies has a 52-week low of $47.07 and a 52-week high of $80.80. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 1.70 and a beta of 1.96.
Minerals Technologies (NYSE:MTX) last released its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.11. Minerals Technologies had a net margin of 9.37% and a return on equity of 12.52%. The company had revenue of $437.70 million during the quarter, compared to analysts’ expectations of $447.65 million. During the same period in the prior year, the company earned $1.12 earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, equities analysts anticipate that Minerals Technologies will post 4.97 EPS for the current fiscal year.
Several equities research analysts recently weighed in on MTX shares. Zacks Investment Research upgraded shares of Minerals Technologies from a sell rating to a hold rating in a research note on Tuesday, June 4th. JPMorgan Chase & Co. cut shares of Minerals Technologies from an overweight rating to a neutral rating and set a $65.00 target price for the company. in a research note on Wednesday, May 1st. Finally, TheStreet upgraded shares of Minerals Technologies from a c+ rating to a b- rating in a research note on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $65.00.
About Minerals Technologies
Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services worldwide. The company's Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc.
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