Compass Minerals International (CMP) to Release Quarterly Earnings on Tuesday

Compass Minerals International (NYSE:CMP) will announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Compass Minerals International has set its FY 2024 guidance at EPS.

Compass Minerals International (NYSE:CMP) last released its earnings results on Wednesday, February 7th. The basic materials company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.19). The firm had revenue of $341.70 million for the quarter, compared to analyst estimates of $352.84 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 revenue was down 3.0% on a year-over-year basis. On average, analysts expect Compass Minerals International to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Compass Minerals International Trading Up 0.7 %

NYSE:CMP traded up $0.08 on Thursday, reaching $12.23. 42,416 shares of the stock traded hands, compared to its average volume of 685,942. The firm has a market capitalization of $505.22 million, a price-to-earnings ratio of -8.33, a price-to-earnings-growth ratio of 3.89 and a beta of 1.17. The company’s 50 day moving average is $16.87 and its 200-day moving average is $21.46. The company has a current ratio of 3.07, a quick ratio of 1.15 and a debt-to-equity ratio of 1.98. Compass Minerals International has a 1-year low of $11.85 and a 1-year high of $39.78.

Compass Minerals International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders 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 yield of 4.91%. The ex-dividend date was Friday, March 8th. Compass Minerals International’s dividend payout ratio is presently -41.10%.

Analysts Set New Price Targets

Several brokerages have recently commented on CMP. Stifel Nicolaus reduced their price objective on shares of Compass Minerals International from $75.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, January 11th. JPMorgan Chase & Co. dropped their price objective on Compass Minerals International from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, February 9th. Loop Capital upgraded 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 dropped their price objective on Compass Minerals International from $25.00 to $20.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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.