Minerals Technologies Inc reports results for the quarter ended in December - Earnings Summary

Minerals Technologies

01/02/2024 23:27

* Minerals Technologies Inc  MTX.N  reported quarterly
adjusted
earnings of $1.28​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 67 cents.  The mean expectation of four analysts
for the quarter was for earnings of $1.25 per share. Wall Street
expected results to range from $1.24  to $1.26 per share.
    * Revenue rose 3.3% to $524.50 million from a year ago;
analysts
expected $506.67 million. 
    * Minerals Technologies Inc's reported EPS for the quarter
was
$1.22​.
    * The company reported quarterly net income of $39.8
million.
    * Minerals Technologies Inc shares had fallen by 8.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the specialty
chemicals
peer group is also "buy"

Wall Street's median 12-month price target for Minerals
Technologies Inc is $83.00 
This summary was machine generated from LSEG data February 1 at
11:27 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.25           1.28           Beat
 Sep. 30 2023      1.32           1.49           Beat
 Jun. 30 2023      1.26           1.31           Beat
 Mar. 31 2023      1.04           1.14           Beat