Research Analysts Offer Predictions for Minerals Technologies Inc’s Q1 2020 Earnings (NYSE:MTX)

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Minerals Technologies Inc (NYSE:MTX) – Stock analysts at First Analysis issued their Q1 2020 earnings estimates for shares of Minerals Technologies in a research report issued to clients and investors on Wednesday, July 10th. First Analysis analyst forecasts that the basic materials company will post earnings of $1.22 per share for the quarter. First Analysis also issued estimates for Minerals Technologies’ FY2020 earnings at $5.05 EPS.

MTX has been the subject of several other reports. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Zacks Investment Research upgraded shares of DLH from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. JPMorgan Chase & Co. cut their price objective on shares of Whitbread from GBX 5,400 ($70.56) to GBX 5,100 ($66.64) and set an “overweight” rating for the company in a research report on Wednesday, May 1st. TheStreet cut shares of Urban Outfitters from a “b-” rating to a “c+” rating in a research report on Thursday, May 30th. Finally, Gabelli restated a “buy” rating on shares of Minerals Technologies in a research report on Thursday, March 28th. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $65.00.

NYSE:MTX opened at $51.92 on Friday. Minerals Technologies has a twelve month low of $47.07 and a twelve month high of $80.80. The stock has a market capitalization of $1.83 billion, a P/E ratio of 10.73, a P/E/G ratio of 1.59 and a beta of 1.87. The stock has a 50-day simple moving average of $54.50. The company has a current ratio of 2.31, a quick ratio of 1.66 and a debt-to-equity ratio of 0.63.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $1.11 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.11. The firm had revenue of $437.70 million for the quarter, compared to the consensus estimate of $447.65 million. Minerals Technologies had a net margin of 9.37% and a return on equity of 12.52%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the firm posted $1.12 earnings per share.

A number of institutional investors have recently added to or reduced their stakes in the stock. Quantamental Technologies LLC increased its position in Minerals Technologies by 11.8% during the first quarter. Quantamental Technologies LLC now owns 1,895 shares of the basic materials company’s stock worth $111,000 after purchasing an additional 200 shares during the last quarter. TD Asset Management Inc. increased its position in shares of Minerals Technologies by 1.8% during the first quarter. TD Asset Management Inc. now owns 11,587 shares of the basic materials company’s stock valued at $681,000 after acquiring an additional 200 shares during the last quarter. Mason Street Advisors LLC increased its position in shares of Minerals Technologies by 1.4% during the first quarter. Mason Street Advisors LLC now owns 18,734 shares of the basic materials company’s stock valued at $1,101,000 after acquiring an additional 264 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Minerals Technologies by 0.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 126,870 shares of the basic materials company’s stock valued at $6,514,000 after acquiring an additional 392 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Minerals Technologies by 1.6% during the fourth quarter. First Trust Advisors LP now owns 32,000 shares of the basic materials company’s stock valued at $1,643,000 after acquiring an additional 493 shares during the last quarter. Hedge funds and other institutional investors own 94.06% of the company’s stock.

About Minerals Technologies

Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services worldwide. The company's Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc.

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Earnings History and Estimates for Minerals Technologies (NYSE:MTX)

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