Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Minerals Technologies (MTX) Stock Price

Media coverage about Minerals Technologies (NYSE:MTX) has trended somewhat positive on Saturday, according to Accern. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Minerals Technologies earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 45.9373171425719 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Minerals Technologies (NYSE MTX) opened at $72.30 on Friday. Minerals Technologies has a 52-week low of $62.55 and a 52-week high of $80.50. The firm has a market cap of $2,574.32, a P/E ratio of 13.22 and a beta of 2.28. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.04 and a current ratio of 2.75.

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Minerals Technologies (NYSE:MTX) last released its earnings results on Thursday, February 1st. The basic materials company reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.01. Minerals Technologies had a net margin of 11.64% and a return on equity of 13.89%. The firm had revenue of $432.10 million during the quarter, compared to the consensus estimate of $411.95 million. During the same period in the prior year, the firm earned $1.08 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. sell-side analysts anticipate that Minerals Technologies will post 4.93 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 8th. Stockholders of record on Friday, February 16th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date was Thursday, February 15th. Minerals Technologies’s dividend payout ratio is currently 3.66%.

MTX has been the subject of a number of research reports. ValuEngine downgraded shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research downgraded shares of Minerals Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Minerals Technologies has an average rating of “Hold” and a consensus target price of $80.00.

In related news, Director Joseph C. Breunig bought 800 shares of Minerals Technologies stock in a transaction dated Wednesday, February 7th. The stock was purchased at an average cost of $69.36 per share, with a total value of $55,488.00. Following the transaction, the director now directly owns 1,200 shares of the company’s stock, valued at $83,232. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.20% of the stock is owned by corporate insiders.

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About Minerals Technologies

Minerals Technologies Inc is a resource- and technology-based company that develops, produces and markets a range of specialty mineral, mineral-based and synthetic mineral products and related systems and services around the world. It operates through four segments. The Specialty Minerals segment produces and sells the synthetic mineral product precipitated calcium carbonate (PCC), mines mineral ores, and processes and sells natural mineral products, primarily limestone and talc.

Insider Buying and Selling by Quarter for Minerals Technologies (NYSE:MTX)

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