Compass Minerals International (CMP) Releases Quarterly Earnings Results, Beats Estimates By $0.29 EPS
Compass Minerals International (NYSE:CMP) released its quarterly earnings results on Tuesday. The basic materials company reported $1.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.29, Bloomberg Earnings reports. The firm had revenue of $457.90 million during the quarter, compared to the consensus estimate of $468.52 million. Compass Minerals International had a net margin of 10.72% and a return on equity of 11.52%. Compass Minerals International updated its FY18 guidance to $2.75 to $3.25 EPS.
Compass Minerals International (CMP) traded down $4.80 on Wednesday, hitting $64.45. 115,328 shares of the stock traded hands, compared to its average volume of 330,414. Compass Minerals International has a 52 week low of $59.72 and a 52 week high of $80.40. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.18 and a current ratio of 2.52. The firm has a market capitalization of $2,340.00, a PE ratio of 15.11 and a beta of 0.54.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. TheStreet raised shares of Compass Minerals International from a “c+” rating to a “b” rating in a research note on Thursday, November 30th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $84.00 price target on shares of Compass Minerals International in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $73.60.
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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