Minerals Technologies Inc. (NYSE:MTX) is reporting third quarter financial results on Thursday 29th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, MTX is expected to report 3Q20 income of $ 0.87 per share from revenue of $ 386.07 million.
For the full year, analysts anticipate top line of $ 1568.13 million, while looking forward to income of $ 3.80 per share bottom line.
Previous Quarter Performance
Minerals Technologies Inc. disclosed income for the second quarter of $ 0.85 per share, from the revenue of $ 357.20 million. The quarterly earnings reduced 23.42 percent while revenues declined 22.09 percent compared with the same quarter last year.
Wall street analysts are predicting, MTX to report 2Q20 income of $ 0.76 per share from revenue of $ 394.07 million. The bottom line results beat street analysts by $ 0.09 or 11.84 percent, at the same time, top line results fell short of analysts by $ 36.87 million or 9.36 percent.
Stock Performance
Shares of Minerals Technologies Inc. traded low $ -2.22 or -3.98 percent on Wednesday, reaching $ 53.61 with volume of 176.30 thousand shares. Minerals Technologies Inc. has traded high as $ 54.67 and has cracked $ 53.17 on the downward trend
According to the previous trading day, closing price of $ 53.61, representing a 104.66 % increase from the 52 week low of $ 27.28 and a 6.4 % decrease over the 52 week high of $ 59.65.
The company has a market capital of $ 1.83 billion and is part of the Basic Materials sector and Chemicals industry.
Recent Analyst recommendations
- On 21st September 2020, initiated by Seaport Global Securities at Buy rating, with $ 65.00 target price.
Minerals Technologies Inc. develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services worldwide. The companys Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc.
