News articles about Minerals Technologies (NYSE:MTX) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Minerals Technologies earned a news impact score of 0.23 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 45.3040464571412 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Minerals Technologies (NYSE MTX) traded up 0.27% during trading on Friday, hitting $73.00. 122,902 shares of the stock were exchanged. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 16.61 and a beta of 2.23. Minerals Technologies has a 52 week low of $62.55 and a 52 week high of $83.85. The stock’s 50 day moving average price is $70.74 and its 200 day moving average price is $71.52.
Minerals Technologies (NYSE:MTX) last released its earnings results on Thursday, August 3rd. The basic materials company reported $1.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.01). The business had revenue of $414.10 million for the quarter, compared to the consensus estimate of $427.21 million. Minerals Technologies had a net margin of 9.62% and a return on equity of 15.04%. On average, equities analysts predict that Minerals Technologies will post $4.59 earnings per share for the current year.
Minerals Technologies announced that its Board of Directors has authorized a stock buyback plan on Thursday, September 21st that permits the company to buyback $150.00 million in shares. This buyback authorization permits the basic materials company to buy up to 6.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.
A number of brokerages have recently commented on MTX. Zacks Investment Research upgraded shares of Minerals Technologies from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine lowered shares of Minerals Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th.
In other Minerals Technologies news, insider Dj Monagle III sold 25,639 shares of the stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $70.03, for a total transaction of $1,795,499.17. Following the completion of the sale, the insider now owns 39,579 shares of the company’s stock, valued at approximately $2,771,717.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.20% of the company’s stock.
Minerals Technologies Company Profile
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.
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