Minerals Technologies (NYSE:MTX) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Minerals Technologies (NYSE:MTX - Get Free Report) released its quarterly earnings results on Thursday. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.11, Zacks reports. Minerals Technologies had a return on equity of 11.61% and a net margin of 7.89%.

Minerals Technologies Stock Down 2.0 %

Minerals Technologies stock traded down $1.46 during trading on Monday, reaching $72.41. 231,819 shares of the company's stock were exchanged, compared to its average volume of 153,405. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 13.98 and a beta of 1.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.72 and a current ratio of 2.46. Minerals Technologies has a 52-week low of $68.29 and a 52-week high of $90.29. The company's 50-day moving average is $76.79 and its two-hundred day moving average is $76.61.

Minerals Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 14th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, February 14th. Minerals Technologies's dividend payout ratio is currently 8.49%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MTX shares. Truist Financial reduced their price target on shares of Minerals Technologies from $103.00 to $101.00 and set a "buy" rating on the stock in a report on Monday. StockNews.com raised Minerals Technologies from a "hold" rating to a "buy" rating in a research note on Thursday.

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.