Minerals Technologies Inc (MTX) is Downgraded by KeyBanc Capital Mkts to Sector Weight

Minerals Technologies Inc (MTX) was Downgraded by KeyBanc Capital Mkts to ” Sector Weight”. Earlier the firm had a rating of “Overweight ” on the company shares. KeyBanc Capital Mkts advised their investors in a research report released on Sep 19, 2016.

Many Wall Street Analysts have commented on Minerals Technologies Inc. Minerals Technologies Inc was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Sep 19, 2016.

On the company’s financial health, Minerals Technologies Inc reported $1.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $1.16. The company had revenue of $427.00 million for the quarter, compared to analysts expectations of $437.23 million. The company’s revenue was down -7.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.18 EPS.

Minerals Technologies Inc opened for trading at $64.83 and hit $66.34 on the upside on Friday, eventually ending the session at $66.04, with a gain of 0.89% or 0.58 points. The heightened volatility saw the trading volume jump to 326,381 shares. Company has a market cap of $2,301 M.

In a different news, on Aug 31, 2016, Jonathan J Hastings (Senior Vice President) sold 7,606 shares at $70.85 per share price. According to the SEC, on Aug 24, 2016, Patrick Carpenter (Vice President) sold 3,648 shares at $70.77 per share price. On Aug 23, 2016, Dj Iii Monagle (Senior Vice President) sold 7,929 shares at $70.52 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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