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

Minerals Technologies (NYSE:MTX) issued its quarterly earnings results on Thursday. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 Price Performance

MTX stock traded up $0.17 during trading on Thursday, reaching $76.06. 247,445 shares of the company were exchanged, compared to its average volume of 147,260. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.72 and a current ratio of 2.46. The stock’s 50 day moving average price is $77.05 and its 200 day moving average price is $76.88. Minerals Technologies has a 52-week low of $67.92 and a 52-week high of $90.29. The company has a market cap of $2.43 billion, a P/E ratio of 16.12 and a beta of 1.30.

Minerals Technologies Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, February 14th. Minerals Technologies’s dividend payout ratio (DPR) is 9.32%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Truist Financial started coverage on Minerals Technologies in a report on Tuesday, January 28th. They issued a “buy” rating and a $103.00 price objective on the stock. StockNews.com downgraded Minerals Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th.

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.