Minerals Technologies Inc (MTX) Releases Earnings Results, Beats Expectations By $0.05 EPS

Minerals Technologies Inc (MTX) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $1.02 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.97. The company posted revenue of $410.20 million in the period, compared to analysts expectations of $418.87 million. The company’s revenue was down -9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 EPS.

Minerals Technologies Inc closed down -0.22 points or -0.38% at $58.24 with 3,08,312 shares getting traded on Wednesday. Post opening the session at $58.26, the shares hit an intraday low of $57.59 and an intraday high of $58.86 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Feb 16, 2016, Michael Cipolla (VICE PRESIDENT) sold 170 shares at $44.46 per share price. According to the SEC, on Feb 11, 2016, Johannes C Schut (Vice President) sold 9,090 shares at $44.72 per share price. On Nov 23, 2015, Douglas W Mayger (Senior Vice President) sold 703 shares at $60.54 per share price, according to the Form-4 filing with the securities and exchange commission.

Minerals Technologies Inc. is a resource-based and technology-based company that develops produces and markets a range of specialty mineral mineral-based and synthetic mineral products and supporting systems and services. The Company operates through five segments: Specialty Minerals which produces and sells the synthetic mineral product precipitated calcium carbonate (PCC) and processed mineral product quicklime (lime); Refractories which produces and markets monolithic and shaped refractory materials and specialty products; Performance Materials which includes the supply of bentonite and bentonite-related products; Construction Technologies which provides products for non-residential construction environmental and infrastructure projects and Energy Services which offers a range of technologies products and services for all phases of oil and gas production refining and storage.

Minerals Technologies Inc

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