Minerals Technologies (MTX) Surpasses Q2 Earnings and Revenue Estimates

Minerals Technologies
Minerals Technologies (MTX) delivered earnings and revenue surprises of 1.59% and 5.40%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?

Minerals Technologies (MTX) just came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.23 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 1.59%. A quarter ago, it was expected that this maker of mineral, mineral-based and synthetic mineral products would post earnings of $1.11 per share when it actually produced earnings of $1.13, delivering a surprise of 1.80%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Minerals Technologies, which belongs to the Zacks Chemical – Specialty industry, posted revenues of $464.70 million for the quarter ended June 2018, surpassing the Zacks Consensus Estimate by 5.40%. This compares to year-ago revenues of $414.10 million. The company has topped consensus revenue estimates four times over the last four quarters.

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