Minerals Technologies Inc. (MTX)

NYSE: MTX · IEX Real-Time Price · USD
72.01
+0.58 (0.81%)
Feb 23, 2024, 4:00 PM EST - Market closed
0.81%
Market Cap 2.33B
Revenue (ttm) 2.17B
Net Income (ttm) 84.10M
Shares Out 32.36M
EPS (ttm) 2.58
PE Ratio 27.91
Forward PE 12.10
Dividend $0.40 (0.56%)
Ex-Dividend Date Feb 14, 2024
Volume 65,706
Open 71.32
Previous Close 71.43
Day's Range 70.89 - 72.33
52-Week Range 48.61 - 73.73
Beta 1.32
Analysts Strong Buy
Price Target 75.67 (+5.08%)
Earnings Date Feb 1, 2024

About MTX

Minerals Technologies Inc. develops, produces, and markets various mineral, mineral-based, and related systems and services. The company operates through two segments, Consumer & Specialties, and Engineered Solutions segments. The Consumer & Specialties segment offers household and personal care products, such as pet litter, personal care, fabric care, edible oil and other fluid purification, animal health, and agricultural products; and specialty additives products, including precipitated calcium carbonate and ground calcium carbonate products... [Read more]

Sector Materials
IPO Date Oct 23, 1992
Employees 4,027
Stock Exchange NYSE
Ticker Symbol MTX
Full Company Profile

Financial Performance

In 2023, MTX's revenue was $2.17 billion, an increase of 2.09% compared to the previous year's $2.13 billion. Earnings were $84.10 million, a decrease of -31.18%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for MTX stock is "Strong Buy." The 12-month stock price forecast is $75.67, which is an increase of 5.08% from the latest price.

Price Target
$75.67
(5.08% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Minerals Technologies Reports Fourth Quarter 2023 Earnings Per Share of $1.22, or $1.28 Excluding Special Items, a Record for Current Quarter

The Company Reports Full Year 2023 Earnings of $2.58, Or $5.21 Per Share, Excluding Special Items, a Record Year for MTI The Company Reports Full Year 2023 Earnings of $2.58, Or $5.21 Per Share, Exclu...

24 days ago - GlobeNewsWire

Minerals Technologies Declares Quarterly Dividend

NEW YORK, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today declared a regular quarterly dividend of $0.10 (ten cents) per share on the Company's ...

4 weeks ago - GlobeNewsWire

Minerals Technologies Announces Fourth Quarter 2023 Conference Call

NEW YORK, Jan. 15, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) announced today that it will release results for its fourth quarter ended December 31, 2023,...

5 weeks ago - GlobeNewsWire

Minerals Technologies Reports Third Quarter Loss Per Share of $0.59, or Earnings Per Share of $1.49 Excluding One Time Charges Associated with Barretts Minerals Inc.

Highlights: Record Third Quarter Revenue of $548M Reported Operating Loss of $8M Associated with Non-cash Impairment of Barretts Minerals Inc. (“BMI”) Record Operating Income of $77M and Operating Mar...

4 months ago - GlobeNewsWire

Minerals Technologies Announces Increase in Quarterly Dividend and Initiation of New Share Repurchase Program

NEW YORK, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today announced an increase of its regular quarterly dividend to $0.10 per share on the Comp...

4 months ago - GlobeNewsWire

Minerals Technologies Announces Third Quarter 2023 Conference Call

NEW YORK, Oct. 09, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) announced today that it will release results for its third quarter ended October 1, 2023, on...

4 months ago - GlobeNewsWire

Barretts Minerals Inc. and Barretts Ventures Texas LLC File for Chapter 11 Protection

NEW YORK, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or the “Company”) today announced that its subsidiaries, Barretts Minerals Inc. (“BMI”) and Barretts Ventures ...

5 months ago - GlobeNewsWire

Minerals Technologies to Present at the Jefferies Industrials Conference on September 7, 2023

NEW YORK, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI,” or “the Company”) today announced that Chairman and Chief Executive Officer Douglas T. Dietrich, Chief Financ...

6 months ago - GlobeNewsWire

Minerals Technologies Reports Second Quarter 2023 Earnings Per Share of $0.82, or $1.31 Excluding Special Items

Highlights: Operating Margin of 9%, or 12.8% Excluding Special Items, Up 120 bps Sequentially Cash Flow from Operations: $79 Million Year-To-Date, More Than Double Prior Year Initiated $10 Million Cos...

7 months ago - GlobeNewsWire

Minerals Technologies signs NewYield® technology upgrade agreement in Brazil

NEW YORK, July 25, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today announced that it has entered into an agreement with a leading global paper company to...

7 months ago - GlobeNewsWire

Minerals Technologies Publishes 2022 Corporate Responsibility and Sustainability Report

Highlights: Exceeded Four out of Six 2025 Environmental Targets Significant Progress on Emission, Waste, and Water Reduction Projects Broadened ESG Disclosures: Stronger Alignment to GRI, SASB and TCF...

7 months ago - GlobeNewsWire

Minerals Technologies Announces Second Quarter 2023 Conference Call

NEW YORK, July 10, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) announced today that it will release results for its second quarter ended July 2, 2023, on T...

8 months ago - GlobeNewsWire

Minerals Technologies Inc. Announces Plan to Exit Talc Business

NEW YORK, June 26, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today announced that its subsidiary, Barretts Minerals Inc. (“BMI”), will exit the talc busi...

8 months ago - GlobeNewsWire

Minerals Technologies to Host Analyst and Investor Day on May 24, 2023

NEW YORK, May 23, 2023 (GLOBE NEWSWIRE) --  Minerals Technologies Inc. (NYSE: MTX), a leading technology-driven specialty minerals company will host an Investor Day on Wednesday, May 24th at 9:00 a.m....

9 months ago - GlobeNewsWire

Minerals Technologies Reports First Quarter 2023 Earnings of $1.14 Per Share

Highlights: Record First Quarter Sales of $546 Million, 5 Percent Above Prior Year Operating Income of $63 Million, Increased 43 Percent Sequentially Cash Flow from Operations Improved by $33 Million ...

10 months ago - GlobeNewsWire

Minerals Technologies Further Expands in China and India Paper Markets

NEW YORK, April 18, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today announced that it has entered into three long-term precipitated calcium carbonate (PC...

11 months ago - GlobeNewsWire

Minerals Technologies Announces First Quarter 2023 Conference Call

NEW YORK, April 12, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) announced today that it will release results for its fourth quarter ended April 2, 2023, on...

11 months ago - GlobeNewsWire

Minerals Technologies Reports Fourth Quarter 2022 Earnings of $0.62 Per Share, or $0.67 Per Share, Excluding Special Items

---------- Company Reports Full Year 2022 Earnings of $3.73 Per Share, or $4.88 Per Share, Excluding Special Items ---------- Company Announces Reorganization and New Segmentation for 2023 ---------- ...

1 year ago - GlobeNewsWire

Minerals Technologies Announces Fourth Quarter 2022 Conference Call

NEW YORK, Jan. 16, 2023 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) announced today that it will release results for its fourth quarter ended December 31, 2022,...

1 year ago - GlobeNewsWire

Erik Aldag Named Chief Financial Officer, Minerals Technologies Inc.

NEW YORK, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE:MTX) (“MTI” or “the Company”) announced today that Erik Aldag, Director, Investor Relations, Financial Planning & Analysis,...

1 year ago - GlobeNewsWire

Minerals Technologies Announces Third Quarter 2022 Conference Call

NEW YORK, Oct. 10, 2022 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) announced today that it will release results for its third quarter ended October 2, 2022, on...

1 year ago - GlobeNewsWire

CoStar Group, Invitation Homes Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400, and S&P SmallCap 600

NEW YORK , Sept. 2, 2022 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 100, S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices effective prior to the o...

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1 year ago - PRNewsWire