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

Minerals Technologies

26/07/2024 01:04

* Minerals Technologies Inc  MTX.N  reported quarterly
adjusted
earnings of $1.65​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of $1.31.  The mean expectation of four analysts
for the quarter was for earnings of $1.60 per share. Wall Street
expected results to range from $1.59  to $1.62 per share.
    * Revenue fell 1.9% to $541.20 million from a year ago;
analysts
expected $556.35 million. 
    * Minerals Technologies Inc's reported EPS for the quarter
was 61
cents​.
    * The company reported quarterly net income of $19.7
million.
    * Minerals Technologies Inc shares had risen by 5.4% this
quarter and gained 22.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 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 $99.50 
This summary was machine generated from LSEG data July 26 at
12:04 a.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
 Jun. 30 2024      1.60           1.65           Beat
 Mar. 31 2024      1.28           1.49           Beat
 Dec. 31 2023                     1.28           
 Sep. 30 2023      1.32           1.49           Beat