The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Minerals Technologies met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share dropped.
Gross margins expanded, operating margins grew, net margins shrank.
Minerals Technologies notched revenue of $244.2 million. The four analysts polled by S&P Capital IQ wanted to see sales of $243.9 million on the same basis. GAAP reported sales were 3.0% lower than the prior-year quarter's $251.7 million.
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 $0.50. The four earnings estimates compiled by S&P Capital IQ averaged $0.47 per share. GAAP EPS of $0.50 for Q4 were 11% 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 21.7%, 80 basis points better than the prior-year quarter. Operating margin was 10.5%, 50 basis points better than the prior-year quarter. Net margin was 7.3%, 50 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $267.5 million. On the bottom line, the average EPS estimate is $0.56.
Next year's average estimate for revenue is $1.05 billion. The average EPS estimate is $2.26.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 39 members out of 42 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 outperform, with an average price target of $39.38.
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