Minerals Technologies Inc. develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services. The company operates through three segments: Performance Materials, Specialty Minerals and Refractories. The Performance Materials segment supplies bentonite and bentonite-related products, as well as leonardite. This segment also offers metal casting products; household, personal care, and specialty products; and basic minerals, environmental products, and building materials. In addition, it provides products for non-residential construction, environmental, and infrastructure projects, as well as for construction and remediation project customers. The Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc. This segment's products are used in paper and packaging, building materials, paint and coatings, glass, ceramic, polymer, food, automotive, and pharmaceutical industries. The Refractories segment offers monolithic and shaped refractory materials; specialty products, services, and application and measurement equipment; and calcium metal and metallurgical wire products that are used in the applications of steel, non-ferrous metal, and glass industries. The company markets its products primarily through its direct sales force, as well as regional distributors. It serves in the United States, Canada, Latin America, Europe, Africa, and Asia. Minerals Technologies Inc. was incorporated in 1968 and is headquartered in New York, New York.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of Minerals Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, June 28th.
Minerals Technologies Stock Up 2.4 %
Shares of NYSE:MTX traded up $1.52 during trading on Friday, reaching $65.41. 4,463 shares of the stock traded hands, compared to its average volume of 127,071. The stock has a 50-day moving average of $62.73 and a two-hundred day moving average of $65.08. Minerals Technologies has a 52-week low of $57.52 and a 52-week high of $81.30. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.56 and a current ratio of 2.29. The stock has a market cap of $2.13 billion, a P/E ratio of 12.43 and a beta of 1.27.
Minerals Technologies (NYSE:MTX - Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The basic materials company reported $1.50 earnings per share for the quarter, beating analysts' consensus estimates of $1.46 by $0.04. The company had revenue of $577.00 million for the quarter, compared to the consensus estimate of $533.65 million. Minerals Technologies had a net margin of 8.46% and a return on equity of 11.44%. The firm's revenue for the quarter was up 26.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.29 earnings per share. As a group, sell-side analysts expect that Minerals Technologies will post 5.6 earnings per share for the current fiscal year.
Minerals Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Friday, August 19th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.31%. Minerals Technologies's dividend payout ratio (DPR) is 3.89%.