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NYSE:MTX

Minerals Technologies - MTX Stock Forecast, Price & News

$65.37
+1.48 (+2.32%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$64.29
$65.56
50-Day Range
$57.93
$69.04
52-Week Range
$57.52
$80.92
Volume
123,696 shs
Average Volume
136,731 shs
Market Capitalization
$2.13 billion
P/E Ratio
12.72
Dividend Yield
0.31%
Price Target
$81.00

Minerals Technologies MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
23.9% Upside
$81.00 Price Target
Short Interest
Bearish
1.90% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
12.68%
From $5.60 to $6.31 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.13 out of 5 stars

Basic Materials Sector

57th out of 172 stocks

Industrial Inorganic Chemicals Industry

5th out of 8 stocks

MTX stock logo

About Minerals Technologies (NYSE:MTX) Stock

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%.

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MTX Stock News Headlines

Implied IJH Analyst Target Price: $323
Ex-Div Reminder for Minerals Technologies (MTX)
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MTX Company Calendar

Ex-Dividend for 6/16 Dividend
6/01/2022
Dividend Payable
6/16/2022
Last Earnings
7/28/2022
Today
8/12/2022
Ex-Dividend for 9/9 Dividend
8/18/2022
Dividend Payable
9/09/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Industrial inorganic chemicals
Sub-Industry
Specialty Chemicals
CUSIP
60315810
Employees
3,961
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$81.00
High Stock Price Forecast
$87.00
Low Stock Price Forecast
$75.00
Forecasted Upside/Downside
+23.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$164.40 million
Pretax Margin
10.51%

Debt

Sales & Book Value

Annual Sales
$1.86 billion
Cash Flow
$8.18 per share
Book Value
$48.38 per share

Miscellaneous

Free Float
31,552,000
Market Cap
$2.13 billion
Optionable
Optionable
Beta
1.27

Key Executives














MTX Stock - Frequently Asked Questions

Should I buy or sell Minerals Technologies stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Minerals Technologies in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" MTX shares.
View MTX analyst ratings
or view top-rated stocks.

What is Minerals Technologies' stock price forecast for 2022?

1 equities research analysts have issued twelve-month price targets for Minerals Technologies' shares. Their MTX share price forecasts range from $75.00 to $87.00. On average, they expect the company's share price to reach $81.00 in the next year. This suggests a possible upside of 24.1% from the stock's current price.
View analysts price targets for MTX
or view top-rated stocks among Wall Street analysts.

How have MTX shares performed in 2022?

Minerals Technologies' stock was trading at $73.15 on January 1st, 2022. Since then, MTX shares have decreased by 10.8% and is now trading at $65.27.
View the best growth stocks for 2022 here
.

When is Minerals Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our MTX earnings forecast
.

How were Minerals Technologies' earnings last quarter?

Minerals Technologies Inc. (NYSE:MTX) 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 basic materials company earned $577 million during the quarter, compared to the consensus estimate of $533.65 million. Minerals Technologies had a net margin of 8.46% and a trailing twelve-month return on equity of 11.44%. The business's quarterly revenue was up 26.5% on a year-over-year basis. During the same quarter last year, the business posted $1.29 EPS.

How often does Minerals Technologies pay dividends? What is the dividend yield for Minerals Technologies?

Minerals Technologies announced a quarterly dividend on Wednesday, July 20th. Investors of record on Friday, August 19th will be paid a dividend of $0.05 per share on Friday, September 9th. This represents a $0.20 annualized dividend and a yield of 0.31%. The ex-dividend date is Thursday, August 18th.
Read our dividend analysis for MTX
.

Is Minerals Technologies a good dividend stock?

Minerals Technologies (NYSE:MTX) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.32%. The dividend payout ratio is 3.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTX will have a dividend payout ratio of 3.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MTX.

What is ​Douglas T. Dietrich's approval rating as Minerals Technologies' CEO?

4 employees have rated Minerals Technologies Chief Executive Officer ​Douglas T. Dietrich on Glassdoor.com. ​Douglas T. Dietrich has an approval rating of 29% among the company's employees. This puts ​Douglas T. Dietrich in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Minerals Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Minerals Technologies investors own include AT&T (T), AbbVie (ABBV), Carnival Co. & (CCL), Cisco Systems (CSCO), CVS Health (CVS), Gilead Sciences (GILD), Altria Group (MO), Omega Healthcare Investors (OHI), Pfizer (PFE) and Skyworks Solutions (SWKS).

What is Minerals Technologies' stock symbol?

Minerals Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTX."

Who are Minerals Technologies' major shareholders?

Minerals Technologies' stock is owned by many different institutional and retail investors. Top institutional shareholders include Franklin Resources Inc. (6.27%), Victory Capital Management Inc. (3.24%), Royce & Associates LP (2.13%), Boston Trust Walden Corp (1.67%), William Blair Investment Management LLC (1.51%) and Allspring Global Investments Holdings LLC (1.07%). Insiders that own company stock include Andrew M Jones, Dj Monagle III, Douglas T Dietrich, Douglas W Mayger, Jonathan J Hastings, Michael Cipolla and Thomas J Meek.
View institutional ownership trends
.

How do I buy shares of Minerals Technologies?

Shares of MTX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Minerals Technologies' stock price today?

One share of MTX stock can currently be purchased for approximately $65.27.

How much money does Minerals Technologies make?

Minerals Technologies (NYSE:MTX) has a market capitalization of $2.13 billion and generates $1.86 billion in revenue each year. The basic materials company earns $164.40 million in net income (profit) each year or $5.14 on an earnings per share basis.

How many employees does Minerals Technologies have?

The company employs 3,961 workers across the globe.

How can I contact Minerals Technologies?

Minerals Technologies' mailing address is 622 THIRD AVENUE, NEW YORK NY, 10017. The official website for the company is www.mineralstech.com. The basic materials company can be reached via phone at (212) 878-1800 or via fax at 212-878-1802.

This page (NYSE:MTX) was last updated on 8/12/2022 by MarketBeat.com Staff

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