Compass Minerals International (NYSE:CMP) Issues Earnings Results

Compass Minerals International (NYSE:CMP) announced its earnings results 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 company had revenue of $364.00 million during the quarter, compared to analysts’ expectations of $386.97 million. Compass Minerals International had a negative net margin of 4.97% and a positive return on equity of 4.56%. Compass Minerals International’s quarterly revenue was down 11.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.46) earnings per share.

Compass Minerals International Stock Performance

CMP traded down $0.29 during trading hours on Friday, hitting $12.45. The stock had a trading volume of 189,973 shares, compared to its average volume of 701,581. Compass Minerals International has a 1 year low of $11.85 and a 1 year high of $39.78. The company’s fifty day simple moving average is $15.79 and its 200 day simple moving average is $20.90. The company has a quick ratio of 1.15, a current ratio of 3.07 and a debt-to-equity ratio of 1.98. The stock has a market cap of $514.31 million, a PE ratio of -8.73, a price-to-earnings-growth ratio of 3.99 and a beta of 1.17.

Compass Minerals International Dividend Announcement

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

Wall Street Analyst Weigh In

CMP has been the subject of several research analyst reports. Loop Capital raised Compass Minerals International from a “hold” rating to a “buy” rating and lowered their target price for the stock from $26.00 to $23.00 in a research note on Friday, April 26th. Stifel Nicolaus lowered their price objective on Compass Minerals International from $75.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, January 11th. BMO Capital Markets reduced their target price on Compass Minerals International from $25.00 to $20.00 and set a “market perform” rating on the stock in a report on Tuesday, March 26th. Finally, JPMorgan Chase & Co. reduced their target price on Compass Minerals International from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.