Minerals Technologies (NYSE:MTX) Announces Earnings Results

Minerals Technologies (NYSE:MTX) announced its quarterly earnings data 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 7.89% and a return on equity of 11.61%.

Minerals Technologies Stock Down 3.0 %

NYSE:MTX opened at $73.92 on Friday. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 14.27 and a beta of 1.30. Minerals Technologies has a 1-year low of $67.92 and a 1-year high of $90.29. The business’s fifty day moving average price is $76.95 and its 200 day moving average price is $76.87. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 14th will be given a $0.11 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.44 annualized dividend and a dividend yield of 0.60%. Minerals Technologies’s dividend payout ratio (DPR) is presently 8.49%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MTX shares. Truist Financial began coverage on Minerals Technologies in a research note on Tuesday, January 28th. They set a “buy” rating and a $103.00 price objective for the company. StockNews.com upgraded shares of Minerals Technologies from a “hold” rating to a “buy” rating in a report on Thursday.

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.