Minerals Technologies (MTX) Expected to Announce Earnings on Thursday

Minerals Technologies (NYSE:MTX) is projected to issue its quarterly earnings data after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $1.38 per share and revenue of $522.93 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Minerals Technologies Stock Down 1.3 %

MTX stock opened at $76.67 on Thursday. Minerals Technologies has a fifty-two week low of $64.91 and a fifty-two week high of $90.29. The business’s 50-day moving average is $77.79 and its two-hundred day moving average is $77.25. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.72 and a current ratio of 2.46. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 16.24 and a beta of 1.31.

Minerals Technologies Dividend Announcement

The business also recently declared 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. This represents a $0.44 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Friday, February 14th. Minerals Technologies’s payout ratio is 9.32%.

Analyst Upgrades and Downgrades

A number of analysts have commented on MTX shares. Truist Financial started coverage on Minerals Technologies in a research report on Tuesday. They issued a “buy” rating and a $103.00 price target for the company. StockNews.com cut Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th.

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.