Minerals Technologies Inc expected to post earnings of $1.50 a share - Earnings Preview

Minerals Technologies

23/10/2024 05:01

* Minerals Technologies Inc  MTX.N   MTX  is expected
to show a
fall in quarterly revenue when it reports  results on October 24
for the period ending September 30 2024
    * The New York City-based  company is expected to report a
2.1% decrease in revenue to $536.075 million from $547.8 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.The company's guidance on July 26 2024, for
the period ended September 30, was for revenue between $535.00
million and $545.00 million.
    * ​LSEG's mean analyst estimate for Minerals Technologies
Inc is
for earnings of $1.50 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 $101.00​, above​ its last closing price
of $77.17. ​​​

The company's guidance on July 26 2024 for the period ended
September 30 was for Earnings before Interest and Taxes between
USD77 million and USD80 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  
 Jun. 30 2024  1.60        1.60       1.65      Beat    3
 Mar. 31 2024  1.28        1.28       1.49      Beat    16.4
 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.        1.27        1.26       1.31      Beat    3.8
 30 2023                                                
 Mar. 31 2023  1.04        1.04       1.14      Beat    9.4​
 Dec. 31 2022  1.19        1.19       0.67      Missed  -43.8
 Jan. 1 0001   1.39        1.40       1.35      Missed  -3.2
 This summary was machine generated October 23 at 04:00 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)