KeyCorp Analysts Decrease Earnings Estimates for Compass Minerals International, Inc. (CMP)

Compass Minerals International, Inc. (NYSE:CMP) – Equities researchers at KeyCorp dropped their Q3 2018 earnings per share estimates for shares of Compass Minerals International in a research report issued to clients and investors on Thursday. KeyCorp analyst M. Sison now anticipates that the basic materials company will post earnings per share of $0.80 for the quarter, down from their previous estimate of $0.84. KeyCorp also issued estimates for Compass Minerals International’s FY2018 earnings at $2.85 EPS.

Several other analysts have also recently issued reports on CMP. BMO Capital Markets reduced their price target on shares of Compass Minerals International from $75.00 to $70.00 and set a “market perform” rating on the stock in a research report on Thursday, February 15th. Stifel Nicolaus reduced their price target on shares of Compass Minerals International from $85.00 to $79.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Credit Suisse Group reissued an “underperform” rating on shares of Compass Minerals International in a research report on Thursday, February 15th. Zacks Investment Research raised shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th. Finally, TheStreet cut shares of Compass Minerals International from a “b” rating to a “c+” rating in a report on Tuesday, February 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $71.00.

Shares of Compass Minerals International (NYSE CMP) traded up $1.00 on Monday, hitting $62.85. 35,078 shares of the stock traded hands, compared to its average volume of 372,932. The firm has a market capitalization of $2,124.37, a PE ratio of 22.84 and a beta of 0.55. Compass Minerals International has a 1-year low of $59.72 and a 1-year high of $77.75. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.75 and a quick ratio of 1.67.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings results on Tuesday, February 13th. The basic materials company reported $1.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.29. The business had revenue of $457.90 million for the quarter, compared to analysts’ expectations of $468.52 million. Compass Minerals International had a net margin of 3.13% and a return on equity of 13.02%.

A number of large investors have recently modified their holdings of the stock. Aperio Group LLC raised its holdings in Compass Minerals International by 3.3% in the third quarter. Aperio Group LLC now owns 25,255 shares of the basic materials company’s stock valued at $1,639,000 after acquiring an additional 807 shares in the last quarter. Community Bank & Trust Waco Texas raised its holdings in Compass Minerals International by 21.6% in the fourth quarter. Community Bank & Trust Waco Texas now owns 4,987 shares of the basic materials company’s stock valued at $360,000 after acquiring an additional 885 shares in the last quarter. Meadow Creek Investment Management LLC raised its holdings in Compass Minerals International by 24.1% in the fourth quarter. Meadow Creek Investment Management LLC now owns 4,620 shares of the basic materials company’s stock valued at $334,000 after acquiring an additional 896 shares in the last quarter. US Bancorp DE raised its holdings in Compass Minerals International by 5.9% in the fourth quarter. US Bancorp DE now owns 17,003 shares of the basic materials company’s stock valued at $1,229,000 after acquiring an additional 942 shares in the last quarter. Finally, ING Groep NV raised its holdings in Compass Minerals International by 23.2% in the fourth quarter. ING Groep NV now owns 5,104 shares of the basic materials company’s stock valued at $369,000 after acquiring an additional 962 shares in the last quarter.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a $0.72 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $2.88 annualized dividend and a yield of 4.58%. Compass Minerals International’s dividend payout ratio (DPR) is 230.40%.

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Compass Minerals International Company Profile

Compass Minerals International, Inc (CMI) is a provider of essential minerals that solve nature’s challenges, including salt for winter roadway safety and other consumer, industrial and agricultural uses; specialty plant nutrition minerals for the quality and yield of crops, and specialty chemicals for water treatment and other industrial processes.

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