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

Minerals Technologies

28/07/2023 24:13

* Minerals Technologies Inc  MTX.N  reported quarterly
adjusted
earnings of $1.31​​ per share for the quarter ended in June. The
mean expectation of four analysts for the quarter was
for earnings of $1.26 per share.
    * Revenue fell 1% to $551.50 million from a year ago;
analysts
expected $567.08 million. 
    * Minerals Technologies Inc's reported EPS for the quarter
was 82
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Minerals Technologies Inc shares had risen by 2.0% this
quarter and lost 3.1% so far this year.
    * The company reported quarterly net income of $26.6
million.
    * Wall Street's median 12-month price target for Minerals
Technologies Inc is $77.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
27 at 11:12 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.26           1.31           Beat
 Mar. 31 2023      1.04           1.14           Beat
 Dec. 31 2022      1.19           0.67           Missed
 Sep. 30 2022      1.40           1.35           Missed