Compass Minerals International (NYSE:CMP) Releases Earnings Results, Beats Expectations By $1.26 EPS

Compass Minerals International (NYSE:CMP) announced its earnings results on Tuesday. The basic materials company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $1.26, Briefing.com reports. Compass Minerals International had a negative net margin of 4.97% and a positive return on equity of 4.56%. The firm had revenue of $364.00 million for the quarter, compared to analysts’ expectations of $386.97 million. During the same quarter in the previous year, the business posted ($0.46) EPS. The company’s quarterly revenue was down 11.5% on a year-over-year basis.

Compass Minerals International Price Performance

Shares of NYSE:CMP traded down $0.15 during mid-day trading on Wednesday, reaching $13.21. The stock had a trading volume of 371,452 shares, compared to its average volume of 693,133. The company has a current ratio of 3.07, a quick ratio of 1.15 and a debt-to-equity ratio of 1.98. The company has a market cap of $545.71 million, a P/E ratio of -9.16, a price-to-earnings-growth ratio of 3.99 and a beta of 1.17. Compass Minerals International has a 1 year low of $11.85 and a 1 year high of $39.78. The business’s 50 day moving average price is $16.16 and its 200 day moving average price is $21.01.

Compass Minerals International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 11th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.60 annualized dividend and a dividend yield of 4.54%. Compass Minerals International’s dividend payout ratio (DPR) is presently -41.10%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CMP shares. BMO Capital Markets reduced their price target on Compass Minerals International from $25.00 to $20.00 and set a “market perform” rating for the company in a report on Tuesday, March 26th. JPMorgan Chase & Co. dropped their target price on shares of 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. Stifel Nicolaus reduced their price target 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. Finally, Loop Capital raised Compass Minerals International from a “hold” rating to a “buy” rating and lowered their price objective for the company from $26.00 to $23.00 in a research report on Friday, April 26th. One equities research 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. Based on data from MarketBeat.com, the company has an average 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.