Previous close | 72.10 |
Open | 71.80 |
Bid | 28.46 x 800 |
Ask | 71.27 x 800 |
Day's range | 70.99 - 72.33 |
52-week range | 48.61 - 76.80 |
Volume | |
Avg. volume | 153,024 |
Market cap | 2.299B |
Beta (5Y monthly) | 1.33 |
PE ratio (TTM) | 27.59 |
EPS (TTM) | 2.58 |
Earnings date | 25 Apr 2024 |
Forward dividend & yield | 0.40 (0.55%) |
Ex-dividend date | 14 Feb 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