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Minerals Technologies
(NYSE:MTX)
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Rating:52Neutral
Price Target:
$63.00
▼(-12.60% Downside)
Action:Reiterated
Date:10/21/26
MTX scores in the low-50s primarily due to weak TTM profitability (net loss and negative returns) and bearish technicals (below key moving averages with negative MACD). Offsetting factors include resilient operating/free cash flow, manageable leverage, and earnings-call guidance pointing to continued sales growth and margin recovery, with corporate actions (dividend increase and refinancing) modestly supportive but not enough to outweigh current earnings and trend weakness.
Positive Factors
Engineered Solutions Momentum
Strong growth and record margins in Engineered Solutions indicate continued demand for higher-value mineral technologies and effective customer integration. This segment’s performance can support durable earnings quality, offset pressure elsewhere, and strengthen MTX’s competitive position.
Negative Factors
Profitability Deterioration
The current loss-making earnings profile weakens the company’s ability to convert revenue growth into shareholder returns. Unless margins recover sustainably, ongoing cost, pricing, or mix pressure could constrain reinvestment and make future earnings less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Engineered Solutions Momentum
Strong growth and record margins in Engineered Solutions indicate continued demand for higher-value mineral technologies and effective customer integration. This segment’s performance can support durable earnings quality, offset pressure elsewhere, and strengthen MTX’s competitive position.
Read all positive factors
Minerals Technologies Key Performance Indicators (KPIs)
Any
Net Sales by Segment
Shows how revenue is split across the company’s major business units, revealing which segments drive growth, which are shrinking, and how diversified the company’s revenue base is — key for spotting where earnings and risk are concentrated.
Shows how revenue is split across the company’s major business units, revealing which segments drive growth, which are shrinking, and how diversified the company’s revenue base is — key for spotting where earnings and risk are concentrated.
Data provided by:
The Fly
The FlyMinerals Technologies (MTX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.96B
Dividend Yield0.76%
Average Volume (3M)179.44K
Price to Earnings (P/E)―
Beta (1Y)0.78
Revenue Growth4.06%
EPS Growth-3189.89%
CountryUS
Employees3,782
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)-2.18
Shares Outstanding31,128,761
10 Day Avg. Volume167,266
30 Day Avg. Volume179,444
Financial Highlights & Ratios
PEG Ratio0.93
Price to Book (P/B)1.12
Price to Sales (P/S)0.92
P/FCF Ratio22.10
Enterprise Value/Market Cap1.51
Enterprise Value/Revenue1.38
Enterprise Value/Gross Profit5.64
Enterprise Value/Ebitda38.62
Forecast
1Y Price Target
$90.00Price Target Upside24.86% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)5.84
Revenue Forecast (FY)$2.18B
Minerals Technologies Business Overview & Revenue Model
Company Description
Minerals Technologies Inc. is dedicated to the development, manufacturing, and distribution of a wide array of specialized mineral, mineral-based, and synthetic mineral products, complemented by related systems and services. The company's operatio...
How the Company Makes Money
Minerals Technologies makes money by selling specialty mineral products and providing application-focused solutions to industrial customers, with revenue primarily recognized from product shipments under customer contracts. Its key revenue streams...
Minerals Technologies Earnings Call Summary
Earnings Call Date:Jul 30, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Positive
The call presented solid top-line growth, record margins in Engineered Solutions, improving cash generation and meaningful sustainability progress, alongside advancing product commercialization (PFAS, bleaching earth/SAF and paper satellites). These positives were tempered by persistent inflationary cost pressures that compressed Consumer & Specialty margins in the quarter, timing shifts that pushed some volume into H2, and a significant $290 million reserve tied to talc-related proceedings with legal uncertainty remaining. Management reiterated mid-single-digit sales growth guidance, strong cash flow targets, and a clear plan to recover margins as pricing catches up, supporting a constructive but cautious outlook.Positive Updates
Revenue Growth
Second quarter sales of $548 million, up 4% year-over-year; sales up 7% year-to-date, supporting mid-single-digit full-year sales growth guidance.
Negative Updates
Inflationary Cost Pressure
Q2 cost increases totaled approximately $16 million (higher freight, energy and energy-linked mining costs); volume contributed $4 million and pricing $8 million to income in Q2, leaving a price/cost lag that impacted margins—Consumer & Specialties bearing majority of the cost hit.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue Growth
Second quarter sales of $548 million, up 4% year-over-year; sales up 7% year-to-date, supporting mid-single-digit full-year sales growth guidance.
Read all positive updates
Company Guidance
Management guided third‑quarter sales of roughly $550 million (≈ +4% YoY) with both Consumer & Specialties and Engineered Solutions expected to grow about 3–5% in Q3, roughly $75 million of operating income and EPS of $1.55–$1.60. For the full year they reiterated mid‑single‑digit sales growth, expect full‑year operating margin around 13–13.5% (with margin recovery to slightly above prior‑year levels in Q4), full‑year CapEx of $90–$100 million and free cash flow of 6–7% of sales, and reported net leverage of 1.6x EBITDA. Year‑to‑date metrics include sales up 7% (C&S +5%, Engineered +10%), EBITDA up 5%, cash from operations $95 million (+$37M YoY) and YTD free cash flow $45 million; Q2 results were $548M sales (+4%), EPS ex‑special items $1.60 (+3% YoY), Engineered Solutions Q2 margin 17.8% (Q2 op income $49M) and Consumer & Specialties Q2 sales $275M (Q2 op income $29M).Minerals Technologies Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
58
Neutral
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.15B | 2.07B | 2.12B | 2.17B | 2.13B | 1.86B |
| Gross Profit | 526.40M | 506.60M | 535.60M | 494.40M | 452.30M | 435.90M |
| EBITDA | 76.80M | 155.60M | 393.40M | 278.10M | 307.30M | 345.10M |
| Net Income | -67.30M | -18.40M | 167.10M | 84.10M | 122.20M | 164.40M |
Balance Sheet | ||||||
| Total Assets | 3.50B | 3.47B | 3.39B | 3.35B | 3.40B | 3.37B |
| Cash, Cash Equivalents and Short-Term Investments | 346.20M | 332.60M | 337.10M | 321.50M | 252.80M | 304.40M |
| Total Debt | 964.90M | 1.05B | 1.02B | 1.07B | 1.12B | 1.08B |
| Total Liabilities | 1.92B | 1.72B | 1.61B | 1.66B | 1.79B | 1.79B |
| Stockholders Equity | 1.54B | 1.71B | 1.75B | 1.65B | 1.58B | 1.54B |
Cash Flow | ||||||
| Free Cash Flow | 120.30M | 86.60M | 146.90M | 140.10M | 23.40M | 146.40M |
| Operating Cash Flow | 230.30M | 193.70M | 236.40M | 233.60M | 105.70M | 232.40M |
| Investing Cash Flow | -127.70M | -122.80M | -94.50M | -91.70M | -101.60M | -278.60M |
| Financing Cash Flow | -67.10M | -89.30M | -110.40M | -71.70M | -34.10M | 5.60M |
Minerals Technologies Technical Analysis
Negative
72.08
Price Trends
67.49
Negative
71.25
Negative
71.36
Negative
Market Momentum
-1.39
Negative
35.34
Neutral
50.13
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MTX, the sentiment is Negative. The current price of 72.08 is above the 20-day moving average (MA) of 64.14, above the 50-day MA of 67.49, and above the 200-day MA of 71.36, indicating a bearish trend. The MACD of -1.39 indicates Negative momentum. The RSI at 35.34 is Neutral, neither overbought nor oversold. The STOCH value of 50.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MTX.
Minerals Technologies Risk Analysis
Minerals Technologies disclosed 17 risk factors in its most recent earnings report. Minerals Technologies reported the most risks in the "Ability to Sell" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Minerals Technologies Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $1.02B | 17.60 | 20.31% | 1.07% | 1.70% | 8.10% | |
67 Neutral | $3.81B | 20.44 | 12.07% | 2.53% | -4.74% | -53.83% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | $3.34B | 64.03 | 2.77% | 2.31% | -1.39% | ― | |
56 Neutral | $1.07B | -18.14 | -10.33% | 37.71% | 20.14% | -359.78% | |
52 Neutral | $1.96B | -28.85 | -4.04% | 0.76% | 4.06% | -3189.89% | |
52 Neutral | $900.06M | -8.22 | -14.34% | 2.56% | 2.70% | -262.08% |
* Basic Materials Sector Average
MTX
Minerals Technologies
62.34
5.88
10.41%
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ODC
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18.15%
Minerals Technologies Corporate Events
Business Operations and StrategyDividends
Minerals Technologies Announces Fourth Consecutive Dividend Increase
Positive
Oct 21, 2026
On October 21, 2026, Minerals Technologies Inc.’s Board of Directors approved an 8% increase in its regular quarterly dividend, raising the payout to $0.13 per share on the company’s common stock. The cash dividend is scheduled to be p...
Business Operations and StrategyPrivate Placements and Financing
Minerals Technologies Completes Senior Notes Offering and Refinancing
Positive
Oct 13, 2026
On October 13, 2026, Minerals Technologies Inc. completed an offering of $400 million in 7.500% senior notes due 2032, with interest payable semi-annually beginning January 15, 2027. The company plans to use the net proceeds, together with cash on...
Business Operations and StrategyPrivate Placements and Financing
Minerals Technologies Announces Major Debt Refinancing Initiative
Positive
Oct 2, 2026
Minerals Technologies Inc., a New York-based specialty minerals producer, priced a private offering on Oct. 1, 2026 of $400 million in 7.500% senior notes due 2032 at 100% of principal, with guarantees from certain domestic subsidiaries. The notes...
Business Operations and StrategyPrivate Placements and Financing
Minerals Technologies Launches $400 Million Senior Notes Offering
Positive
Oct 1, 2026
On October 1, 2026, Minerals Technologies Inc. announced it had begun a private offering of $400 million in senior notes due 2034, sold to qualified institutional buyers in the U.S. and certain investors abroad under exemptions from U.S. securitie...
Business Operations and StrategyDividendsFinancial Disclosures
Minerals Technologies Declares Quarterly Cash Dividend to Shareholders
Positive
Jul 22, 2026
On July 22, 2026, Minerals Technologies Inc.’s Board of Directors declared a regular quarterly cash dividend of $0.12 per share on the company’s outstanding common stock. The dividend will be paid on September 4, 2026, to shareholders ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.