Minerals Technologies (NYSE:MTX – Get Rating) will report results after the market close on Thursday, Feb. 2. Analysts expect the company to report earnings of $1.19 per share for the quarter. Investors interested in attending the company’s conference call can do so using this link.
→ Is this the end of capitalism? (From Porter & Co.)
Minerals Technologies (NYSE:MTX – Get Rating) last reported quarterly results on Thursday, Oct. 27. The basic materials company reported EPS of $1.35 for the quarter, missing his $1.38 ($0.03) consensus estimate. The company’s earnings for the quarter were $541.9 million, compared with analyst estimates of $531.2 million. Minerals Technologies had a net profit margin of 6.85% and a return on equity of 11.46%. On average, analysts expect Minerals Technologies to report EPS of $5 in the current fiscal year and $6 in the next fiscal year.
Mineral Technologies Stock Performance
MTX shares opened Thursday at $67.31. The company has a current ratio of 2.18, a quick ratio of 1.48 and a debt to equity ratio of 0.62. The company has a market capitalization of $2.18 billion, a PE ratio of 15.55 and a beta of 1.28. The company has a 50-day simple moving average of $61.31 and a 200-day simple moving average of $59.41. Minerals Technologies hit a 12-month low of $49.38 and a 12-month high of $72.41.
In related news, SVP Brett Argirakis sold 927 shares in trading on Tuesday, December 20th. The shares sold at an average price of $60.03, and the total transaction value he had was $55,647.81. Following the closing of the sale, the Senior Vice President now directly owns 15,694 shares of the company, valued at $942,110.82. The sale was disclosed in SEC filings available on the SEC’s website. In other news from Minerals Technologies, his SVP, Brett Argirakis, sold 927 shares of the company’s stock in his Tuesday, December 20th deal. The shares were sold at an average price of $60.03, giving him a total of $55,647.81. Following the completion of the sale, the Senior Vice President now owns 15,694 shares of the company’s stock, valued at his $942,110.82. The transaction was disclosed in SEC filings available at this hyperlink. SVP Thomas J. Meek also sold 16,795 shares of the company in a transaction on Friday, December 2nd. The shares sold for an average of $62.52 for a total of $1,050,023.40. Following the closing of the transaction, the Senior Vice President now owns 83,852 shares of the Company’s stock valued at approximately $5,242,427.04. Please see here for the disclosure of this sale. A corporate insider owns his 3.40% of the company’s shares.
Institutional trade in mineral technology
Hedge funds and other institutional investors have recently increased or decreased their equity stakes. Vanguard Group Inc. increased its Minerals Technologies stake by 10.5% in the third quarter. Vanguard Group Inc. now owns 3,585,400 shares in the basic materials company worth $177,155,000 after he purchased an additional 341,092 shares during the period. Macquarie Group Ltd. increased his Minerals Technologies stock position by 3.3% in the second quarter. Macquarie Group Ltd. owns 1,813,110 shares in a basic materials company worth $111,216,000 after he purchased an additional 58,310 shares in the previous quarter. State Street Corp increased its Minerals Technologies stock position by 13.1% in the third quarter. State Street Corp now owns his 1,181,445 shares of the basic materials company stock worth $58,375,000 after purchasing an additional 137,105 shares last quarter. Eaton Vance Management increased its Minerals Technologies stock position by 21.2% in the first quarter. Eaton Vance Management owns 994,955 shares of the Basic Materials Company valued at $65,816,000 after purchasing an additional 174,127 shares in the previous quarter. Finally, Charles Schwab Investment Management Inc. increased his Minerals Technologies stock position by 3.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 378,856 shares of the Basic Materials Company, valued at $25,062,000, after purchasing an additional 11,999 shares in the previous quarter. Hedge funds and other institutional investors own 96.57% of the company’s shares.
Wall Street Analyst Predicts Growth
MTX has been the topic of many research reports. TheStreet downgraded Minerals Technologies’ stock from a ‘b-‘ rating to a ‘c+’ rating in a research report on Monday, October 10. Seaport Res Ptn downgraded its shares in Minerals Technologies from ‘buy’ to ‘neutral’ in a research report on Thursday, October 13. Finally, StockNews.com started covering Minerals Technologies in his Wednesday Oct. 12 report. They set a “pending” rating on the company. Three equity research analysts rated the stock with a hold rating and one issued a buy rating to the company. According to MarketBeat data, the stock has an average rating of Hold and an average target price of $81.00.
About Mineral Technologies
Minerals Technologies, Inc. is a resource and technology based company. develops, manufactures and markets a variety of minerals, mineral-based and synthetic mineral products. It operates through four segments: Performance Materials, Specialty Minerals, Refractories and Energy Services. The Performance Materials segment offers bentonite and bentonite-related products, chromite and leonardite.
This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to firstname.lastname@example.org.
Listen to this before considering Minerals Technologies.
MarketBeat tracks Wall Street’s most acclaimed and top performing research analysts and the stocks they recommend to clients every day. MarketBeat identified 5 stocks top analysts are quietly whispering to clients to buy now before the broader market catches on…and Minerals Technologies wasn’t on the list .
Minerals Technologies currently has a ‘Hold’ rating among analysts, but the top rated analysts believe these five stocks are better buys.
See 5 stocks here