Minerals Technologies (NYSE:MTX – Get Free Report) announced its quarterly earnings results on Thursday. The basic materials company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.05, Briefing.com reports. Minerals Technologies had a net margin of 4.05% and a return on equity of 11.51%. The business had revenue of $541.20 million during the quarter, compared to analyst estimates of $561.60 million. During the same quarter in the previous year, the business posted $1.31 EPS. Minerals Technologies’s quarterly revenue was down 1.9% on a year-over-year basis.
Minerals Technologies Stock Performance
NYSE MTX opened at $80.50 on Friday. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 27.85 and a beta of 1.32. The company has a fifty day moving average price of $84.26 and a 200-day moving average price of $76.43. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.49 and a quick ratio of 1.75. Minerals Technologies has a 1 year low of $48.61 and a 1 year high of $90.29.
Minerals Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be paid a $0.10 dividend. The ex-dividend date is Friday, August 16th. This represents a $0.40 annualized dividend and a dividend yield of 0.50%. Minerals Technologies’s payout ratio is 13.84%.
Insider Activity at Minerals Technologies
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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