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

Minerals Technologies (NYSE:MTX) issued 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 Performance

MTX opened at $73.92 on Friday. The company has a quick ratio of 1.72, a current ratio of 2.46 and a debt-to-equity ratio of 0.51. Minerals Technologies has a 12-month low of $67.92 and a 12-month high of $90.29. The business has a 50 day moving average of $76.95 and a 200-day moving average of $76.87. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 14.27 and a beta of 1.30.

Minerals Technologies Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently issued reports on MTX. StockNews.com upgraded Minerals Technologies from a “hold” rating to a “buy” rating in a report on Thursday. Truist Financial started coverage on shares of Minerals Technologies in a research note on Tuesday, January 28th. They issued a “buy” rating and a $103.00 target price for the company.

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.