Compass Minerals International (NYSE:CMP) Announces Earnings Results

Compass Minerals International (NYSE:CMP) posted its quarterly earnings data on Tuesday. The basic materials company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $1.26, Briefing.com reports. The firm had revenue of $364.00 million during the quarter, compared to the consensus estimate of $386.97 million. Compass Minerals International had a negative net margin of 4.97% and a positive return on equity of 4.56%. The business’s revenue for the quarter was down 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.46) EPS.

Compass Minerals International Stock Down 2.3 %

Shares of CMP traded down $0.29 during trading hours on Friday, reaching $12.45. 189,973 shares of the stock traded hands, compared to its average volume of 701,581. The company has a current ratio of 3.07, a quick ratio of 1.15 and a debt-to-equity ratio of 1.98. The stock has a fifty day simple moving average of $15.79 and a 200 day simple moving average of $20.90. Compass Minerals International has a 52 week low of $11.85 and a 52 week high of $39.78. The company has a market cap of $514.31 million, a price-to-earnings ratio of -8.73, a PEG ratio of 3.99 and a beta of 1.17.

Compass Minerals International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 11th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date of this dividend was Friday, March 8th. Compass Minerals International’s payout ratio is currently -41.10%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Stifel Nicolaus cut their price target on shares of Compass Minerals International from $75.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, January 11th. JPMorgan Chase & Co. dropped their price objective on shares of Compass Minerals International from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. Loop Capital raised shares of Compass Minerals International from a “hold” rating to a “buy” rating and dropped their price objective for the company from $26.00 to $23.00 in a research note on Friday, April 26th. Finally, BMO Capital Markets decreased their price target on shares of Compass Minerals International from $25.00 to $20.00 and set a “market perform” rating for the company in a research report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Compass Minerals International presently has an average rating of “Hold” and an average price target of $33.80.

About Compass Minerals International

Compass Minerals International, Inc, provides essential minerals in the United States, Canada, the United Kingdom, and internationally. It operates through two segments, Salt and Plant Nutrition. The Salt segment produces, markets, and sells sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with sodium chloride to produce specialty products.