Seaport Res Ptn Has Pessimistic Outlook of MTX Q1 Earnings

Minerals Technologies Inc. (NYSE:MTX - Free Report) - Investment analysts at Seaport Res Ptn decreased their Q1 2025 earnings per share (EPS) estimates for Minerals Technologies in a research note issued to investors on Wednesday, March 5th. Seaport Res Ptn analyst M. Harrison now forecasts that the basic materials company will post earnings of $1.30 per share for the quarter, down from their previous forecast of $1.33. The consensus estimate for Minerals Technologies' current full-year earnings is $6.62 per share. Seaport Res Ptn also issued estimates for Minerals Technologies' Q2 2025 earnings at $1.69 EPS, Q3 2025 earnings at $1.65 EPS, FY2025 earnings at $6.21 EPS and FY2026 earnings at $7.19 EPS.

Several other equities analysts have also commented on MTX. Truist Financial cut their price target on Minerals Technologies from $103.00 to $101.00 and set a "buy" rating on the stock in a research note on Monday, February 10th. StockNews.com lowered shares of Minerals Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.

Minerals Technologies Trading Down 1.5 %

Shares of NYSE:MTX traded down $0.99 during trading on Thursday, reaching $66.81. 207,098 shares of the company were exchanged, compared to its average volume of 176,640. Minerals Technologies has a 12-month low of $66.33 and a 12-month high of $90.29. The firm has a market capitalization of $2.13 billion, a PE ratio of 12.90 and a beta of 1.28. The business's fifty day simple moving average is $73.40 and its 200-day simple moving average is $75.99. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.84 and a quick ratio of 1.98.

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Minerals Technologies (NYSE:MTX - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The basic materials company reported $1.50 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.11. Minerals Technologies had a net margin of 7.89% and a return on equity of 11.49%.

Minerals Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 14th were paid a $0.11 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.44 annualized dividend and a yield of 0.66%. Minerals Technologies's dividend payout ratio (DPR) is presently 8.49%.

Hedge Funds Weigh In On Minerals Technologies

A number of large investors have recently added to or reduced their stakes in MTX. FMR LLC grew its position in shares of Minerals Technologies by 42.7% in the 4th quarter. FMR LLC now owns 1,761,925 shares of the basic materials company's stock worth $134,276,000 after buying an additional 527,206 shares during the last quarter. Norges Bank purchased a new position in Minerals Technologies in the fourth quarter worth $16,360,000. American Century Companies Inc. increased its position in shares of Minerals Technologies by 31.1% during the fourth quarter. American Century Companies Inc. now owns 861,173 shares of the basic materials company's stock worth $65,630,000 after purchasing an additional 204,371 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Minerals Technologies during the 4th quarter valued at $10,797,000. Finally, Foundry Partners LLC acquired a new stake in shares of Minerals Technologies in the 4th quarter worth $7,735,000. 97.29% of the stock is currently owned by institutional investors.

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.