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

Minerals Technologies

26/04/2024 02:23

* Minerals Technologies Inc  MTX.N  reported quarterly
adjusted
earnings of $1.49​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of $1.14.  The mean expectation of four analysts
for the quarter was for earnings of $1.28 per share. Wall Street
expected results to range from $1.24  to $1.30 per share.
    * Revenue fell 2.1% to $534.50 million from a year ago;
analysts
expected $545.55 million. 
    * Minerals Technologies Inc's reported EPS for the quarter
was
$1.44​.
    * The company reported quarterly net income of $46.7
million.
    * Minerals Technologies Inc shares had fallen by 4.2% this
quarter and gained 1.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.5%
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 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 $89.00 
This summary was machine generated from LSEG data April 26 at
01:23 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
 Mar. 31 2024      1.28           1.49           Beat
 Dec. 31 2023      1.25           1.28           Beat
 Sep. 30 2023      1.32           1.49           Beat
 Jun. 30 2023      1.26           1.31           Beat