Minerals Technologies (NYSE:MTX – Get Free Report) issued its quarterly earnings data on Thursday. The basic materials company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.22, Briefing.com reports. The firm had revenue of $534.50 million during the quarter, compared to analysts’ expectations of $545.55 million. Minerals Technologies had a return on equity of 10.94% and a net margin of 4.35%. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.14 EPS.
Minerals Technologies Stock Performance
Shares of MTX stock opened at $73.68 on Friday. The company has a current ratio of 2.40, a quick ratio of 1.69 and a debt-to-equity ratio of 0.54. Minerals Technologies has a 12-month low of $48.61 and a 12-month high of $78.04. The business’s 50 day moving average is $72.78 and its two-hundred day moving average is $66.49. The company has a market capitalization of $2.38 billion, a P/E ratio of 25.49 and a beta of 1.33.
Insider Activity
In other news, SVP Jonathan J. Hastings sold 12,922 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $71.48, for a total value of $923,664.56. Following the completion of the sale, the senior vice president now directly owns 53,862 shares in the company, valued at $3,850,055.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Dj Monagle III sold 1,180 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $74.12, for a total value of $87,461.60. Following the completion of the sale, the insider now owns 81,031 shares of the company’s stock, valued at approximately $6,006,017.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Jonathan J. Hastings sold 12,922 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $71.48, for a total transaction of $923,664.56. Following the completion of the sale, the senior vice president now directly owns 53,862 shares of the company’s stock, valued at approximately $3,850,055.76. The disclosure for this sale can be found here. Company insiders own 3.50% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Research Report on Minerals Technologies
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.
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