Zacks: Minerals Technologies Inc (MTX) Receives Consensus Recommendation of “Buy” from Analysts

Minerals Technologies Inc (NYSE:MTX) has earned a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. Minerals Technologies’ rating score has declined by 100% in the last three months as a result of various analysts’ upgrades and downgrades.

Brokerages have set a 1-year consensus price objective of $68.50 for the company and are predicting that the company will post $1.24 EPS for the current quarter, according to Zacks. Zacks has also assigned Minerals Technologies an industry rank of 81 out of 256 based on the ratings given to its competitors.

A number of research analysts have recently weighed in on MTX shares. Zacks Investment Research cut shares of Minerals Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. JPMorgan Chase & Co. cut shares of Minerals Technologies from an “overweight” rating to a “neutral” rating and set a $65.00 price objective for the company. in a research note on Wednesday, May 1st. Finally, TheStreet raised shares of Minerals Technologies from a “c+” rating to a “b-” rating in a research note on Thursday, April 25th.

Shares of MTX traded down $1.17 during mid-day trading on Friday, reaching $51.98. 136,328 shares of the company’s stock were exchanged, compared to its average volume of 131,266. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.31 and a quick ratio of 1.66. Minerals Technologies has a 52-week low of $47.07 and a 52-week high of $80.80. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of 1.54 and a beta of 1.92.

Minerals Technologies (NYSE:MTX) last issued its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $1.11 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.11. Minerals Technologies had a net margin of 9.37% and a return on equity of 12.52%. The business had revenue of $437.70 million during the quarter, compared to analysts’ expectations of $447.65 million. During the same period last year, the company posted $1.12 EPS. The company’s revenue was up 1.5% on a year-over-year basis. On average, equities analysts expect that Minerals Technologies will post 4.97 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th will be paid a dividend of $0.05 per share. The ex-dividend date is Wednesday, May 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.38%. Minerals Technologies’s dividend payout ratio (DPR) is 4.13%.

Institutional investors and hedge funds have recently modified their holdings of the company. Quantamental Technologies LLC purchased a new position in shares of Minerals Technologies during the 4th quarter worth approximately $87,000. Starr International Co. Inc. purchased a new stake in Minerals Technologies in the 1st quarter worth approximately $147,000. Valley National Advisers Inc. grew its stake in Minerals Technologies by 19.9% in the 1st quarter. Valley National Advisers Inc. now owns 3,292 shares of the basic materials company’s stock worth $194,000 after acquiring an additional 546 shares during the period. Magnus Financial Group LLC purchased a new stake in Minerals Technologies in the 1st quarter worth approximately $205,000. Finally, Stevens Capital Management LP purchased a new stake in Minerals Technologies in the 1st quarter worth approximately $215,000. 94.55% of the stock is owned by institutional investors and hedge funds.

Minerals Technologies Company Profile

Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services worldwide. The company's Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc.

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