Minerals Technologies Inc. (MTX)
| Market Cap | 2.57B |
| Revenue (ttm) | 2.16B |
| Net Income (ttm) | 93.80M |
| Shares Out | 32.25M |
| EPS (ttm) | 2.89 |
| PE Ratio | 27.59 |
| Forward PE | 12.77 |
| Dividend | $0.40 (0.50%) |
| Ex-Dividend Date | Feb 14, 2024 |
| Volume | 204,214 |
| Open | 79.71 |
| Previous Close | 79.31 |
| Day's Range | 79.03 - 80.28 |
| 52-Week Range | 48.61 - 80.28 |
| Beta | 1.32 |
| Analysts | Strong Buy |
| Price Target | 75.67 (-5.1%) |
| Earnings Date | Apr 25, 2024 |
About MTX
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... [Read more]
Financial Performance
In 2023, MTX's revenue was $2.17 billion, an increase of 2.09% compared to the previous year's $2.13 billion. Earnings were $84.10 million, a decrease of -31.18%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for MTX stock is "Strong Buy." The 12-month stock price forecast is $75.67, which is a decrease of -5.10% from the latest price.
News
Minerals Technologies Inc. Announces Completion of Sale of Subsidiary's Talc Business
Riverspan Partners Acquires Assets and Operations of Barretts Minerals Inc. Riverspan Partners Acquires Assets and Operations of Barretts Minerals Inc.
Minerals Technologies Reports Record First Quarter 2024 Earnings Per Share of $1.44, or $1.49 Excluding Special Items
First Quarter 2024 Highlights: Record Operating Income of $75 Million, or $77 Million Excluding Special Items, a 23% Increase over Prior Year Strong Operating Margin of 14.1%, or 14.5% Excluding Speci...
Minerals Technologies Announces First Quarter 2024 Conference Call
NEW YORK, March 29, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) announced today that it will release results for its first quarter ended March 31, 2024, on...
Minerals Technologies Announces Election of Kristina M. Johnson to Board of Directors
NEW YORK, March 26, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today announced that Kristina M. Johnson has been elected to its Board of Directors.
Minerals Technologies to Present at JP Morgan Industrials Conference
NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) announced that its CEO Douglas T. Dietrich will present at the 2024 JP Morgan Industrials C...
Minerals Technologies Reports Fourth Quarter 2023 Earnings Per Share of $1.22, or $1.28 Excluding Special Items, a Record for Current Quarter
The Company Reports Full Year 2023 Earnings of $2.58, Or $5.21 Per Share, Excluding Special Items, a Record Year for MTI The Company Reports Full Year 2023 Earnings of $2.58, Or $5.21 Per Share, Exclu...
Minerals Technologies Declares Quarterly Dividend
NEW YORK, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today declared a regular quarterly dividend of $0.10 (ten cents) per share on the Company's ...
Minerals Technologies Announces Fourth Quarter 2023 Conference Call
NEW YORK, Jan. 15, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) announced today that it will release results for its fourth quarter ended December 31, 2023,...
Minerals Technologies Reports Third Quarter Loss Per Share of $0.59, or Earnings Per Share of $1.49 Excluding One Time Charges Associated with Barretts Minerals Inc.
Highlights: Record Third Quarter Revenue of $548M Reported Operating Loss of $8M Associated with Non-cash Impairment of Barretts Minerals Inc. (“BMI”) Record Operating Income of $77M and Operating Mar...
Minerals Technologies Announces Increase in Quarterly Dividend and Initiation of New Share Repurchase Program
NEW YORK, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today announced an increase of its regular quarterly dividend to $0.10 per share on the Comp...
Minerals Technologies Announces Third Quarter 2023 Conference Call
NEW YORK, Oct. 09, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) announced today that it will release results for its third quarter ended October 1, 2023, on...
Barretts Minerals Inc. and Barretts Ventures Texas LLC File for Chapter 11 Protection
NEW YORK, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or the “Company”) today announced that its subsidiaries, Barretts Minerals Inc. (“BMI”) and Barretts Ventures ...
Minerals Technologies to Present at the Jefferies Industrials Conference on September 7, 2023
NEW YORK, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI,” or “the Company”) today announced that Chairman and Chief Executive Officer Douglas T. Dietrich, Chief Financ...
Minerals Technologies Reports Second Quarter 2023 Earnings Per Share of $0.82, or $1.31 Excluding Special Items
Highlights: Operating Margin of 9%, or 12.8% Excluding Special Items, Up 120 bps Sequentially Cash Flow from Operations: $79 Million Year-To-Date, More Than Double Prior Year Initiated $10 Million Cos...
Minerals Technologies signs NewYield® technology upgrade agreement in Brazil
NEW YORK, July 25, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today announced that it has entered into an agreement with a leading global paper company to...
Minerals Technologies Publishes 2022 Corporate Responsibility and Sustainability Report
Highlights: Exceeded Four out of Six 2025 Environmental Targets Significant Progress on Emission, Waste, and Water Reduction Projects Broadened ESG Disclosures: Stronger Alignment to GRI, SASB and TCF...
Minerals Technologies Announces Second Quarter 2023 Conference Call
NEW YORK, July 10, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) announced today that it will release results for its second quarter ended July 2, 2023, on T...
Minerals Technologies Inc. Announces Plan to Exit Talc Business
NEW YORK, June 26, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today announced that its subsidiary, Barretts Minerals Inc. (“BMI”), will exit the talc busi...
Minerals Technologies to Host Analyst and Investor Day on May 24, 2023
NEW YORK, May 23, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX), a leading technology-driven specialty minerals company will host an Investor Day on Wednesday, May 24th at 9:00 a.m....
Minerals Technologies Reports First Quarter 2023 Earnings of $1.14 Per Share
Highlights: Record First Quarter Sales of $546 Million, 5 Percent Above Prior Year Operating Income of $63 Million, Increased 43 Percent Sequentially Cash Flow from Operations Improved by $33 Million ...
Minerals Technologies Further Expands in China and India Paper Markets
NEW YORK, April 18, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today announced that it has entered into three long-term precipitated calcium carbonate (PC...
Minerals Technologies Announces First Quarter 2023 Conference Call
NEW YORK, April 12, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) announced today that it will release results for its fourth quarter ended April 2, 2023, on...
Minerals Technologies Reports Fourth Quarter 2022 Earnings of $0.62 Per Share, or $0.67 Per Share, Excluding Special Items
---------- Company Reports Full Year 2022 Earnings of $3.73 Per Share, or $4.88 Per Share, Excluding Special Items ---------- Company Announces Reorganization and New Segmentation for 2023 ---------- ...
Minerals Technologies Announces Fourth Quarter 2022 Conference Call
NEW YORK, Jan. 16, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) announced today that it will release results for its fourth quarter ended December 31, 2022,...
Erik Aldag Named Chief Financial Officer, Minerals Technologies Inc.
NEW YORK, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE:MTX) (“MTI” or “the Company”) announced today that Erik Aldag, Director, Investor Relations, Financial Planning & Analysis,...