Shares of Minerals Technologies Inc. (NYSE:MTX – Get Free Report) have been given an average recommendation of “Buy” by the two brokerages that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $65.00.
Separately, StockNews.com upgraded shares of Minerals Technologies from a “hold” rating to a “buy” rating in a research report on Friday, October 11th.
Check Out Our Latest Report on Minerals Technologies
Institutional Inflows and Outflows
Minerals Technologies Trading Up 1.5 %
Shares of NYSE MTX opened at $78.31 on Friday. The company has a quick ratio of 1.72, a current ratio of 2.46 and a debt-to-equity ratio of 0.53. Minerals Technologies has a 12 month low of $49.83 and a 12 month high of $90.29. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 27.10 and a beta of 1.30. The business has a fifty day simple moving average of $74.39 and a 200-day simple moving average of $78.04.
Minerals Technologies (NYSE:MTX – Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The basic materials company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.05. The company had revenue of $541.20 million during the quarter, compared to analyst estimates of $561.60 million. Minerals Technologies had a net margin of 4.05% and a return on equity of 11.46%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.31 earnings per share. Sell-side analysts predict that Minerals Technologies will post 6.22 EPS for the current year.
About Minerals Technologies
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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