Minerals Technologies (MTX) Earning Somewhat Positive Media Coverage, Accern Reports

Headlines about Minerals Technologies (NYSE:MTX) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring 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 daily sentiment score of 0.07 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 45.9953575348791 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news articles that may have effected Accern’s rankings:

Minerals Technologies (NYSE MTX) opened at $68.50 on Friday. The company has a current ratio of 2.66, a quick ratio of 1.98 and a debt-to-equity ratio of 0.82. Minerals Technologies has a 52-week low of $62.55 and a 52-week high of $83.85. The stock has a market cap of $2,449.16, a PE ratio of 15.15 and a beta of 2.25.

Minerals Technologies (NYSE:MTX) last released its earnings results on Thursday, November 2nd. The basic materials company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.02. Minerals Technologies had a net margin of 9.48% and a return on equity of 14.59%. The company had revenue of $424.40 million for the quarter, compared to the consensus estimate of $404.80 million. During the same period in the prior year, the company posted $1.17 EPS. The company’s revenue was up 6.2% compared to the same quarter last year. equities research analysts anticipate that Minerals Technologies will post 4.58 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Monday, November 27th were given a dividend of $0.05 per share. The ex-dividend date was Friday, November 24th. This represents a $0.20 dividend on an annualized basis and a yield of 0.29%. Minerals Technologies’s payout ratio is presently 4.56%.

Minerals Technologies declared that its board has initiated a share repurchase plan on Thursday, September 21st that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the basic materials company to repurchase up to 6.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

A number of research analysts have issued reports on MTX shares. KeyCorp restated a “hold” rating on shares of Minerals Technologies in a research report on Monday, November 6th. Zacks Investment Research upgraded shares of Minerals Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $80.00.

In other news, insider Dj Monagle III sold 25,639 shares of the company’s stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $70.03, for a total value of $1,795,499.17. Following the completion of the sale, the insider now directly owns 39,579 shares of the company’s stock, valued at approximately $2,771,717.37. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

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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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