Minerals Technologies Inc reports results for the quarter ended June 30 - Earnings Summary

• Minerals Technologies Inc MTX.N reported quarterly adjusted earnings of $1.55​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.65. The mean expectation of three analysts for the quarter was for earnings of $1.41 per share. Wall Street expected results to range from $1.38 to $1.43 per share.

• Revenue fell 2.3% to $528.90 million from a year ago; analysts expected $529.13 million.

• Minerals Technologies Inc's reported EPS for the quarter was $1.44​.

• The company reported quarterly net income of $45.4 million.

• Minerals Technologies Inc shares had risen by 9.2% this quarter and lost 21.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 15.1% 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 3 "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 $80.00, about 26% above its last closing price of $59.20

This summary was machine generated from LSEG data July 24 at 09:57 p.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)