What is Seaport Res Ptn's Estimate for MTX FY2024 Earnings?

Minerals Technologies Inc. (NYSE:MTX - Free Report) - Stock analysts at Seaport Res Ptn lowered their FY2024 earnings per share estimates for shares of Minerals Technologies in a report released on Wednesday, January 22nd. Seaport Res Ptn analyst M. Harrison now anticipates that the basic materials company will earn $6.02 per share for the year, down from their previous forecast of $6.04. The consensus estimate for Minerals Technologies' current full-year earnings is $6.05 per share. Seaport Res Ptn also issued estimates for Minerals Technologies' Q4 2024 earnings at $1.36 EPS, Q1 2025 earnings at $1.57 EPS, Q2 2025 earnings at $1.80 EPS, Q3 2025 earnings at $1.71 EPS, Q4 2025 earnings at $1.62 EPS, FY2025 earnings at $6.70 EPS and FY2026 earnings at $7.68 EPS.

Separately, StockNews.com lowered Minerals Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, October 30th.

Minerals Technologies Stock Performance

NYSE MTX traded down $0.82 during midday trading on Thursday, hitting $75.41. The company had a trading volume of 97,185 shares, compared to its average volume of 140,353. The firm has a fifty day simple moving average of $78.13 and a two-hundred day simple moving average of $77.46. Minerals Technologies has a fifty-two week low of $64.91 and a fifty-two week high of $90.29. The company has a quick ratio of 1.72, a current ratio of 2.46 and a debt-to-equity ratio of 0.51. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 15.99 and a beta of 1.31.

Minerals Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 14th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.58%. Minerals Technologies's dividend payout ratio (DPR) is presently 9.32%.

Institutional Trading of Minerals Technologies

Hedge funds have recently modified their holdings of the company. Blue Trust Inc. increased its stake in shares of Minerals Technologies by 2,418.2% in the third quarter. Blue Trust Inc. now owns 831 shares of the basic materials company's stock valued at $69,000 after buying an additional 798 shares in the last quarter. Quarry LP increased its position in Minerals Technologies by 1,857.4% in the second quarter. Quarry LP now owns 920 shares of the basic materials company's stock worth $77,000 after purchasing an additional 873 shares during the period. KBC Group NV raised its stake in shares of Minerals Technologies by 43.9% during the fourth quarter. KBC Group NV now owns 1,478 shares of the basic materials company's stock worth $113,000 after buying an additional 451 shares during the last quarter. CWM LLC boosted its stake in Minerals Technologies by 40.6% in the third quarter. CWM LLC now owns 1,870 shares of the basic materials company's stock valued at $144,000 after acquiring an additional 540 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Minerals Technologies in the 4th quarter valued at $145,000. Institutional investors and hedge funds own 97.29% of the company's stock.

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.