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.
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.
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