FY2024 EPS Estimate for Minerals Technologies Cut by Analyst

Minerals Technologies Inc. (NYSE:MTX) – Seaport Res Ptn dropped their FY2024 earnings per share (EPS) estimates for Minerals Technologies in a note issued to investors on Wednesday, January 22nd. Seaport Res Ptn analyst M. Harrison now forecasts that the basic materials company will post earnings of $6.02 per share for the year, down from their prior forecast of $6.04. The consensus estimate for Minerals Technologies’ current full-year earnings is $6.04 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 downgraded shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th.

Minerals Technologies Trading Up 0.1 %

MTX opened at $75.84 on Thursday. The company has a market cap of $2.42 billion, a P/E ratio of 16.07 and a beta of 1.31. The company has a current ratio of 2.46, a quick ratio of 1.72 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average is $77.91 and its 200-day moving average is $77.41. Minerals Technologies has a 1-year low of $64.91 and a 1-year high of $90.29.

Minerals Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 14th will be given a $0.11 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.44 annualized dividend and a yield of 0.58%. Minerals Technologies’s dividend payout ratio is presently 9.32%.

Institutional Trading of Minerals Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. KBC Group NV boosted its position in Minerals Technologies by 43.9% during the 4th quarter. KBC Group NV now owns 1,478 shares of the basic materials company’s stock worth $113,000 after buying an additional 451 shares during the period. Blue Trust Inc. lifted its holdings 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 purchasing an additional 178 shares during the period. SG Americas Securities LLC acquired a new position in shares of Minerals Technologies during the fourth quarter worth $145,000. Diversified Trust Co grew its stake in shares of Minerals Technologies by 7.7% in the fourth quarter. Diversified Trust Co now owns 11,774 shares of the basic materials company’s stock worth $897,000 after purchasing an additional 841 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Minerals Technologies by 9.7% in the third quarter. JPMorgan Chase & Co. now owns 115,887 shares of the basic materials company’s stock valued at $8,950,000 after purchasing an additional 10,284 shares during the period. 97.29% of the stock is currently owned by institutional investors.

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.