Seaport Res Ptn Issues Negative Estimate for MTX Earnings

Minerals Technologies Inc. (NYSE:MTX - Free Report) - Equities researchers at Seaport Res Ptn decreased their Q1 2025 earnings per share (EPS) estimates for shares of Minerals Technologies in a note issued to investors on Monday, April 21st. Seaport Res Ptn analyst M. Harrison now anticipates that the basic materials company will earn $1.16 per share for the quarter, down from their previous estimate of $1.30. The consensus estimate for Minerals Technologies' current full-year earnings is $6.62 per share. Seaport Res Ptn also issued estimates for Minerals Technologies' Q2 2025 earnings at $1.63 EPS, Q3 2025 earnings at $1.62 EPS, Q4 2025 earnings at $1.57 EPS, FY2025 earnings at $5.97 EPS and FY2026 earnings at $6.99 EPS.

Minerals Technologies (NYSE:MTX - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The basic materials company reported $1.14 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by ($0.02). Minerals Technologies had a net margin of 7.89% and a return on equity of 11.49%. The company had revenue of $491.80 million during the quarter, compared to the consensus estimate of $502.03 million. During the same quarter last year, the company earned $1.49 earnings per share. The business's revenue was down 8.0% on a year-over-year basis.

A number of other research firms have also commented on MTX. StockNews.com lowered Minerals Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th. Truist Financial cut their price target on Minerals Technologies from $92.00 to $80.00 and set a "buy" rating for the company in a report on Monday.

Minerals Technologies Price Performance

Shares of NYSE:MTX traded down $1.56 on Wednesday, hitting $51.42. The stock had a trading volume of 152,136 shares, compared to its average volume of 174,791. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 9.92 and a beta of 1.25. Minerals Technologies has a twelve month low of $50.77 and a twelve month high of $90.30. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.98 and a current ratio of 2.84. The firm's 50 day moving average price is $63.09 and its 200-day moving average price is $72.50.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in shares of Minerals Technologies by 181.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 506 shares of the basic materials company's stock worth $38,000 after acquiring an additional 326 shares during the last quarter. Quarry LP grew its position in shares of Minerals Technologies by 536.5% during the 4th quarter. Quarry LP now owns 732 shares of the basic materials company's stock worth $56,000 after buying an additional 617 shares during the period. Blue Trust Inc. raised its stake in shares of Minerals Technologies by 21.4% during the fourth quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company's stock worth $78,000 after buying an additional 178 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in Minerals Technologies in the fourth quarter valued at approximately $78,000. Finally, KBC Group NV boosted its stake in Minerals Technologies by 43.9% in the fourth quarter. KBC Group NV now owns 1,478 shares of the basic materials company's stock valued at $113,000 after acquiring an additional 451 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company's stock.

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.