Minerals Technologies (NYSE: MTX ) reported earnings on July 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Minerals Technologies met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly. Non-GAAP earnings per share grew. GAAP earnings per share shrank.
Gross margins expanded, operating margins grew, net margins contracted.
Minerals Technologies logged revenue of $256.8 million. The four analysts polled by S&P Capital IQ expected to see sales of $257.5 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.63. The four earnings estimates compiled by S&P Capital IQ predicted $0.58 per share. Non-GAAP EPS of $0.63 for Q2 were 13% higher than the prior-year quarter's $0.56 per share. GAAP EPS of $0.49 for Q2 were 13% lower than the prior-year quarter's $0.56 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 22.9%, 70 basis points better than the prior-year quarter. Operating margin was 12.6%, 100 basis points better than the prior-year quarter. Net margin was 6.7%, 110 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $259.7 million. On the bottom line, the average EPS estimate is $0.59.
Next year's average estimate for revenue is $1.02 billion. The average EPS estimate is $2.26.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 40 members out of 43 rating the stock outperform, and three members rating it underperform. Among nine CAPS All-Star picks (recommendations by the highest-ranked CAPS members), nine give Minerals Technologies a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Minerals Technologies is hold, with an average price target of $46.00.
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