Minerals Technologies (NYSE:MTX – Get Free Report) posted its earnings results on Thursday. The basic materials company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.22, Briefing.com reports. Minerals Technologies had a return on equity of 10.26% and a net margin of 3.88%. The company had revenue of $534.50 million for the quarter, compared to analyst estimates of $545.55 million. During the same period last year, the company earned $1.14 earnings per share. The business’s revenue was down 2.1% compared to the same quarter last year.
Minerals Technologies Stock Performance
Shares of Minerals Technologies stock traded up $2.52 during trading on Friday, reaching $73.70. The company’s stock had a trading volume of 175,947 shares, compared to its average volume of 151,543. Minerals Technologies has a one year low of $48.61 and a one year high of $77.20. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.69 and a current ratio of 2.40. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 29.60 and a beta of 1.33. The business’s fifty day moving average price is $72.75 and its 200-day moving average price is $66.33.
Insider Activity at Minerals Technologies
In related news, SVP Jonathan J. Hastings sold 12,922 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $71.48, for a total transaction of $923,664.56. Following the transaction, the senior vice president now directly owns 53,862 shares in the company, valued at $3,850,055.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Dj Monagle III sold 1,180 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $74.12, for a total transaction of $87,461.60. Following the transaction, the insider now directly owns 81,031 shares in the company, valued at $6,006,017.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jonathan J. Hastings sold 12,922 shares of Minerals Technologies stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $71.48, for a total value of $923,664.56. Following the sale, the senior vice president now directly owns 53,862 shares in the company, valued at $3,850,055.76. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on MTX
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.
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