Seaport Res Ptn Has Pessimistic View of MTX FY2024 Earnings

Minerals Technologies Inc. (NYSE:MTX) – Stock analysts at Seaport Res Ptn decreased their FY2024 earnings per share estimates for Minerals Technologies in a note issued to investors on Wednesday, January 22nd. Seaport Res Ptn analyst M. Harrison now expects that the basic materials company will earn $6.02 per share for the year, down from their previous estimate of $6.04. The consensus estimate for Minerals Technologies’ current full-year earnings is $6.05 per share. Seaport Res Ptn also issued estimates for Minerals Technologies’ Q4 2024 earnings at $1.36 EPS, Q1 2025 earnings at $1.57 EPS, Q2 2025 earnings at $1.80 EPS, Q3 2025 earnings at $1.71 EPS, Q4 2025 earnings at $1.62 EPS, FY2025 earnings at $6.70 EPS and FY2026 earnings at $7.68 EPS.

Separately, StockNews.com cut shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th.

Minerals Technologies Price Performance

Minerals Technologies stock opened at $76.30 on Thursday. The firm has a market capitalization of $2.43 billion, a PE ratio of 16.17 and a beta of 1.31. Minerals Technologies has a 52 week low of $64.91 and a 52 week high of $90.29. The firm’s 50-day simple moving average is $78.24 and its 200 day simple moving average is $77.47. The company has a quick ratio of 1.72, a current ratio of 2.46 and a debt-to-equity ratio of 0.51.

Institutional Trading of Minerals Technologies

A number of large investors have recently made changes to their positions in the stock. KBC Group NV lifted its holdings in Minerals Technologies by 43.9% in the 4th quarter. KBC Group NV now owns 1,478 shares of the basic materials company’s stock valued at $113,000 after purchasing an additional 451 shares in the last quarter. Blue Trust Inc. raised its position in shares of Minerals Technologies by 21.4% in the fourth quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company’s stock valued at $78,000 after buying an additional 178 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Minerals Technologies during the fourth quarter valued at approximately $145,000. Diversified Trust Co boosted its position in Minerals Technologies by 7.7% during the fourth quarter. Diversified Trust Co now owns 11,774 shares of the basic materials company’s stock worth $897,000 after acquiring an additional 841 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Minerals Technologies by 9.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 115,887 shares of the basic materials company’s stock worth $8,950,000 after acquiring an additional 10,284 shares during the period. Institutional investors and hedge funds own 97.29% of the company’s stock.

Minerals Technologies Announces Dividend

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

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.