Minerals Technologies (NYSE:MTX) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Minerals Technologies (NYSE:MTX) released its earnings results 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 7.20% and a return on equity of 11.27%.

Minerals Technologies Stock Performance

NYSE MTX traded up $0.17 on Thursday, hitting $76.06. 247,445 shares of the company’s stock traded hands, compared to its average volume of 147,260. 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 has a 1-year low of $67.92 and a 1-year high of $90.29. The firm’s 50-day moving average price is $77.05 and its two-hundred day moving average price is $76.88. The firm has a market capitalization of $2.43 billion, a PE ratio of 16.12 and a beta of 1.30.

Minerals Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 14th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Friday, February 14th. Minerals Technologies’s dividend payout ratio (DPR) is presently 9.32%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MTX shares. Truist Financial assumed coverage on shares of Minerals Technologies in a research note on Tuesday, January 28th. They issued a “buy” rating and a $103.00 price target on the stock. StockNews.com downgraded shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th.

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.