Minerals Technologies Inc expected to post earnings of $1.28 a share - Earnings Preview

Minerals Technologies

24/04/2024 24:15

* Minerals Technologies Inc  MTX.N   MTX  is expected
to show a
fall in quarterly revenue when it reports  results on April 25
for the period ending March 31 2024
    * The New York City-based  company is expected to report a
0.1% decrease in revenue to $545.55 million from $546.1 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Minerals Technologies
Inc is
for earnings of $1.28 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"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 $89.00​, above​ its last closing price
of $72.18. ​​​

The company's guidance on February 2 2024 for the period ended
March 31 was for Earnings before Interest and Taxes of USD70
million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  1.24        1.25       1.28      Beat    2.4
 Sep. 30 2023  1.32        1.32       1.49      Beat    13.3
 Jun. 30 2023  1.27        1.26       1.31      Beat    3.8​
 Mar. 31 2023  1.04        1.04       1.14      Beat    9.4
 ​​Dec.        1.19        1.19       0.67      Missed  -43.8
 31 2022                                                
 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
 This summary was machine generated April 23 at 23:15 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)