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.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date was Wednesday, May 29th. Minerals Technologies’s dividend payout ratio (DPR) is 4.13%.

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

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