Compass Minerals International, Inc. (NYSE:CMP) – KeyCorp decreased their FY2017 earnings estimates for shares of Compass Minerals International in a research note issued to investors on Monday. KeyCorp analyst M. Sison now forecasts that the basic materials company will post earnings of $2.60 per share for the year, down from their prior forecast of $3.00. KeyCorp also issued estimates for Compass Minerals International’s Q4 2017 earnings at $1.36 EPS and FY2018 earnings at $3.20 EPS.

A number of other equities analysts have also commented on the company. BidaskClub upgraded Compass Minerals International from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 23rd. Stifel Nicolaus restated a “buy” rating and set a $84.00 price objective on shares of Compass Minerals International in a research note on Thursday, September 21st. Zacks Investment Research upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Monness Crespi & Hardt upgraded Compass Minerals International from a “neutral” rating to a “buy” rating and set a $76.00 price objective on the stock in a research note on Monday. Finally, Credit Suisse Group set a $63.00 price objective on Compass Minerals International and gave the stock a “hold” rating in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $73.60.

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Compass Minerals International (NYSE:CMP) opened at 66.25 on Thursday. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 18.51 and a beta of 0.44. Compass Minerals International has a 1-year low of $59.72 and a 1-year high of $84.40. The firm has a 50-day moving average price of $66.68 and a 200-day moving average price of $66.73.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings results on Monday, August 7th. The basic materials company reported ($0.19) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.12). The company had revenue of $228.00 million during the quarter, compared to analyst estimates of $261.13 million. Compass Minerals International had a net margin of 9.83% and a return on equity of 10.01%. Compass Minerals International’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.18 EPS.

Several hedge funds have recently modified their holdings of the business. Creative Planning boosted its holdings in shares of Compass Minerals International by 0.4% in the 2nd quarter. Creative Planning now owns 6,151 shares of the basic materials company’s stock valued at $402,000 after purchasing an additional 27 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Compass Minerals International by 0.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 11,535 shares of the basic materials company’s stock valued at $753,000 after purchasing an additional 46 shares in the last quarter. Blair William & Co. IL boosted its holdings in shares of Compass Minerals International by 0.4% in the 2nd quarter. Blair William & Co. IL now owns 10,759 shares of the basic materials company’s stock valued at $703,000 after purchasing an additional 48 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Compass Minerals International by 0.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 21,080 shares of the basic materials company’s stock valued at $1,376,000 after purchasing an additional 73 shares in the last quarter. Finally, Capital Management Associates NY boosted its holdings in shares of Compass Minerals International by 1.7% in the 2nd quarter. Capital Management Associates NY now owns 6,020 shares of the basic materials company’s stock valued at $393,000 after purchasing an additional 100 shares in the last quarter.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date of this dividend was Wednesday, August 30th. Compass Minerals International’s dividend payout ratio is presently 80.45%.

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.

Earnings History and Estimates for Compass Minerals International (NYSE:CMP)

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