Stock on Watch: Minerals Technologies Inc. (MTX)

Company Profile:

Minerals Technologies Inc. develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services worldwide. It operates through five segments. The Specialty Minerals produces and sells the synthetic mineral product precipitated calcium carbonate (PCC) and processed mineral product quicklime (lime). The Refractories segment produces and markets monolithic and shaped refractory materials and specialty products, services and application and measurement equipment, and calcium metal and metallurgical wire products. The Performance Materials segment is a supplier of bentonite and bentonite-related product. The Construction Technologies segment provides products for non-residential construction, environmental and infrastructure projects. The Energy Services segment offers a range of services for off-shore filtration and well testing to the oil and gas industry. Minerals Technologies Inc. was founded in 1968 and is headquartered in New York City, New York.

Recent News:

The company reported fourth quarter earnings of $1.08 per share. Worldwide net sales in the fourth quarter were $401.3 million compared with $430.0 million in the same period of 2015.Operating Income grew 2 percent to $60.3 million from $59.0 million in the prior year.

For the full-year 2016, the company reported earnings per share of $4.47, compared with earnings of $4.31 per share in the prior year. Worldwide sales for the full year decreased 9 percent to $1.638 billion. Operating income for the full year was $220.9 million, an increase of 10 percent over the $200.3 million in the prior year.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

MTX’s strengths can be seen in its better growth, and better profitability compared with its peers. Its net income has increased over several years. Technical indicators signal the bullish signs, as MACD goes green, there is a bullish cross in Stochastic Oscillator and RSI stands at 54.73 with positive bias. We rate Minerals Technologies Inc. (MTX) a STRONG BUY.

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