Previous Close | 71.18 |
Open | 74.48 |
Bid | 73.18 x 1100 |
Ask | 74.32 x 800 |
Day's Range | 73.35 - 78.04 |
52 Week Range | 48.61 - 78.04 |
Volume | |
Avg. Volume | 152,809 |
Market Cap | 2.381B |
Beta (5Y Monthly) | N/A |
PE Ratio (TTM) | 28.57 |
EPS (TTM) | 2.58 |
Earnings Date | Jul 25, 2024 - Jul 29, 2024 |
Forward Dividend & Yield | 0.40 (0.54%) |
Ex-Dividend Date | Feb 14, 2024 |
1y Target Est | 89.50 |
Strong Performance Driven by Higher Margin Products and Robust Business Model
Minerals Technologies (MTX) delivered earnings and revenue surprises of 17.32% and 2.68%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
First Quarter 2024 Highlights: Record Operating Income of $75 Million, or $77 Million Excluding Special Items, a 23% Increase over Prior YearStrong Operating Margin of 14.1%, or 14.5% Excluding Special Items, a 290 bps Increase over Prior YearRecord First Quarter Cash Flow from Operations of $56 Million NEW YORK, April 25, 2024 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today reported diluted earnings per share of $1.49 for the first quarter ended March 3