KeyCorp Weighs in on Compass Minerals International, Inc.’s Q3 2018 Earnings (CMP)

Compass Minerals International, Inc. (NYSE:CMP) – Research analysts at KeyCorp lowered their Q3 2018 EPS estimates for Compass Minerals International in a report released on Thursday. KeyCorp analyst M. Sison now expects that the basic materials company will post earnings per share of $0.80 for the quarter, down from their previous forecast of $0.84. KeyCorp also issued estimates for Compass Minerals International’s FY2018 earnings at $2.85 EPS.

A number of other equities analysts have also issued reports on the company. Stifel Nicolaus cut their target price on Compass Minerals International from $85.00 to $79.00 and set a “buy” rating on the stock in a research report on Friday. Credit Suisse Group reaffirmed an “underperform” rating on shares of Compass Minerals International in a research report on Thursday, February 15th. BMO Capital Markets cut their target price on Compass Minerals International from $75.00 to $70.00 and set a “market perform” rating on the stock in a research report on Thursday, February 15th. TheStreet lowered Compass Minerals International from a “b” rating to a “c+” rating in a research report on Tuesday, February 13th. Finally, Zacks Investment Research raised Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $71.00.

Compass Minerals International (NYSE CMP) opened at $62.32 on Monday. Compass Minerals International has a 52-week low of $59.72 and a 52-week high of $78.75. The stock has a market capitalization of $2,124.37, a P/E ratio of 50.24 and a beta of 0.55. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.75 and a quick ratio of 1.67.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings results on Tuesday, February 13th. The basic materials company reported $1.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.29. Compass Minerals International had a return on equity of 13.02% and a net margin of 3.13%. The firm had revenue of $457.90 million during the quarter, compared to analysts’ expectations of $468.52 million.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 4.62%. The ex-dividend date is Wednesday, February 28th. Compass Minerals International’s dividend payout ratio is currently 230.40%.

Hedge funds have recently bought and sold shares of the stock. SeaCrest Wealth Management LLC acquired a new stake in shares of Compass Minerals International during the 4th quarter valued at approximately $103,000. First PREMIER Bank acquired a new stake in shares of Compass Minerals International during the 4th quarter valued at approximately $115,000. IFP Advisors Inc raised its position in shares of Compass Minerals International by 93.6% during the 3rd quarter. IFP Advisors Inc now owns 2,431 shares of the basic materials company’s stock valued at $158,000 after acquiring an additional 1,175 shares in the last quarter. CoreCommodity Management LLC acquired a new stake in shares of Compass Minerals International during the 4th quarter valued at approximately $167,000. Finally, Verity Asset Management Inc. acquired a new stake in shares of Compass Minerals International during the 4th quarter valued at approximately $205,000.

TRADEMARK VIOLATION NOTICE: “KeyCorp Weighs in on Compass Minerals International, Inc.’s Q3 2018 Earnings (CMP)” was first posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright law. The legal version of this article can be read at https://www.thelincolnianonline.com/2018/02/20/keycorp-weighs-in-on-compass-minerals-international-inc-s-q3-2018-earnings-cmp.html.

About Compass Minerals International

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.

Receive News & Ratings for Compass Minerals International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compass Minerals International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply