Minerals Technologies (NYSE:MTX – Get Free Report) issued its quarterly earnings results on Thursday. The basic materials company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.22, Briefing.com reports. Minerals Technologies had a return on equity of 10.26% and a net margin of 3.88%. The business had revenue of $534.50 million for the quarter, compared to analyst estimates of $545.55 million. During the same quarter in the previous year, the firm earned $1.14 earnings per share. The company’s revenue was down 2.1% on a year-over-year basis.
Minerals Technologies Price Performance
Shares of MTX stock traded up $2.52 during mid-day trading on Friday, hitting $73.70. 176,355 shares of the stock traded hands, compared to its average volume of 151,071. Minerals Technologies has a twelve month low of $48.61 and a twelve month high of $78.04. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 29.60 and a beta of 1.33. The company’s 50-day simple moving average is $72.75 and its 200-day simple moving average is $66.33. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.69 and a current ratio of 2.40.
Insider Activity
In other news, SVP Jonathan J. Hastings sold 12,922 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $71.48, for a total transaction of $923,664.56. Following the completion of the sale, the senior vice president now directly owns 53,862 shares of the company’s stock, valued at approximately $3,850,055.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, SVP Jonathan J. Hastings sold 12,922 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $71.48, for a total transaction of $923,664.56. Following the completion of the sale, the senior vice president now directly owns 53,862 shares of the company’s stock, valued at approximately $3,850,055.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Dj Monagle III sold 1,180 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $74.12, for a total value of $87,461.60. Following the completion of the sale, the insider now directly owns 81,031 shares of the company’s stock, valued at approximately $6,006,017.72. The disclosure for this sale can be found here. 3.50% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on MTX
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.
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