Minerals Technologies Inc expected to post earnings of $1.04 a share - Earnings Preview

Minerals Technologies

25/04/2023 22:55

* Minerals Technologies Inc  MTX.N   MTX  is expected
to show a
rise in quarterly revenue when it reports  results on April 27. 
    * The New York City-based  company is expected to report  a
1.7% increase in revenue to $527.725 million from $519.1 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Minerals
Technologies Inc
is for earnings of $1.04 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Minerals
Technologies Inc is $77.5​, above​ its last closing price
of $56.47. ​​​

The company's guidance on February 3 2023 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD55 million and USD60 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  1.19        1.19       0.67      Missed  -43.8
 Sep. 30 2022  1.39        1.40       1.35      Missed  -3.2
 Jun. 30 2022  1.45        1.45       1.50      Beat    3.3​
 Mar. 31 2022  1.25        1.25       1.36      Beat    8.6
 ​​Dec.        1.21        1.21       1.25      Beat    3
 31 2021                                                
 Sep. 30 2021  1.25        1.24       1.30      Beat    4.5​
 Jun. 30 2021  1.25        1.25       1.29      Beat    3.6
 Mar. 31 2021  1.06        1.05       1.17      Beat    11.2
 This summary was machine generated April 25 at 21:55 GMT.  All
figures in US dollars  unless otherwise stated