Compass Minerals International (NYSE:CMP) Announces Quarterly Earnings Results

Compass Minerals International (NYSE:CMP) released its quarterly earnings data on Tuesday. The basic materials company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $1.26, Briefing.com reports. The company had revenue of $364.00 million during the quarter, compared to analyst estimates 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 quarterly revenue was down 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.46) earnings per share.

Compass Minerals International Price Performance

Shares of CMP stock opened at $13.38 on Wednesday. The firm has a market cap of $552.73 million, a P/E ratio of -9.16, a P/E/G ratio of 3.99 and a beta of 1.17. The firm has a fifty day moving average of $16.16 and a two-hundred day moving average of $21.01. The company has a debt-to-equity ratio of 1.98, a current ratio of 3.07 and a quick ratio of 1.15. Compass Minerals International has a 1-year low of $11.85 and a 1-year high of $39.78.

Compass Minerals International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 11th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, March 8th. This represents a $0.60 dividend on an annualized basis and a yield of 4.48%. Compass Minerals International’s dividend payout ratio (DPR) is -41.10%.

Analysts Set New Price Targets

Several research analysts have commented on the company. JPMorgan Chase & Co. cut their price objective on Compass Minerals International from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th. Stifel Nicolaus reduced their price target on Compass Minerals International from $75.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, January 11th. BMO Capital Markets lowered their price objective 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. Finally, Loop Capital raised shares of Compass Minerals International from a “hold” rating to a “buy” rating and lowered their price target for the company from $26.00 to $23.00 in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Compass Minerals International presently has a consensus 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.