Compass Minerals International, Inc. (NYSE:CMP) announced its quarterly earnings data on Monday. The basic materials company reported ($0.19) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.12, Briefing.com reports. The business had revenue of $228 million during the quarter, compared to the consensus estimate of $261.13 million. Compass Minerals International had a return on equity of 11.86% and a net margin of 11.40%. The company’s revenue was up 34.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Compass Minerals International updated its FY17 guidance to $3.00-3.50 EPS.

Shares of Compass Minerals International (CMP) traded down 2.471% on Tuesday, reaching $66.125. 423,643 shares of the company’s stock traded hands. Compass Minerals International has a 12-month low of $62.70 and a 12-month high of $84.40. The firm has a market cap of $2.24 billion, a P/E ratio of 16.698 and a beta of 0.45. The stock has a 50-day moving average of $66.66 and a 200 day moving average of $70.18.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a dividend of $0.72 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $2.88 dividend on an annualized basis and a yield of 4.25%. Compass Minerals International’s dividend payout ratio is currently 72.91%.

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Several hedge funds have recently added to or reduced their stakes in CMP. Raymond James Trust N.A. increased its stake in Compass Minerals International by 0.4% in the first quarter. Raymond James Trust N.A. now owns 5,619 shares of the basic materials company’s stock valued at $382,000 after buying an additional 22 shares during the period. Creative Planning increased its stake in Compass Minerals International by 0.4% in the second quarter. Creative Planning now owns 6,151 shares of the basic materials company’s stock valued at $402,000 after buying an additional 27 shares during the period. Capital City Trust Co. FL increased its stake in Compass Minerals International by 0.4% in the first quarter. Capital City Trust Co. FL now owns 7,008 shares of the basic materials company’s stock valued at $475,000 after buying an additional 30 shares during the period. Janney Montgomery Scott LLC increased its stake in Compass Minerals International by 0.4% in the second quarter. Janney Montgomery Scott LLC now owns 11,535 shares of the basic materials company’s stock valued at $753,000 after buying an additional 46 shares during the period. Finally, Blair William & Co. IL increased its stake in Compass Minerals International by 0.4% in the second quarter. Blair William & Co. IL now owns 10,759 shares of the basic materials company’s stock valued at $703,000 after buying an additional 48 shares during the period.

CMP has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $75.00 price target on shares of Compass Minerals International in a report on Monday, May 15th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $77.00.

Compass Minerals International Company Profile

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.

Earnings History for Compass Minerals International (NYSE:CMP)

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