Minerals Technologies Inc expected to post earnings of $1.32 a share - Earnings Preview

Minerals Technologies

24/10/2023 21:59

* Minerals Technologies Inc  MTX.N   MTX  is expected
to show a
rise in quarterly revenue when it reports  results on October
26. 
    * The New York City-based  company is expected to report  a
1.8% increase in revenue to $551.85 million from $541.9 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 $1.32 per share. The company's EPS guidance
on July 28 2023, for the period ended September 30, was between
$1.30 and $1.35 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"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 $70​, above​ its last closing price
of $51.30. ​​​

The company's guidance on July 28 2023 for the period ended
September 30 was for Earnings before Interest and Taxes between
USD70 million and USD73 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  
 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. 31 2022  1.19        1.19       0.67      Missed  -43.8​
 Sep. 30 2022  1.39        1.40       1.35      Missed  -3.2
 ​​Jun.        1.45        1.45       1.50      Beat    3.3
 30 2022                                                
 Mar. 31 2022  1.25        1.25       1.36      Beat    8.6​
 Dec. 31 2021  1.21        1.21       1.25      Beat    3
 Sep. 30 2021  1.25        1.24       1.30      Beat    4.5
 This summary was machine generated October 24 at 20:59 GMT.  All
figures in US dollars  unless otherwise stated