Compass Minerals International, Inc. (CMP) Issues FY17 Earnings Guidance
Compass Minerals International, Inc. (NYSE:CMP) updated its FY17 earnings guidance on Monday. The company provided EPS guidance of $2.50 to $2.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.57.
Several analysts have commented on the stock. BidaskClub cut shares of Compass Minerals International from a hold rating to a sell rating in a research note on Wednesday, August 9th. Credit Suisse Group set a $63.00 price objective on shares of Compass Minerals International and gave the company a hold rating in a research note on Wednesday, August 9th. Zacks Investment Research cut shares of Compass Minerals International from a hold rating to a sell rating in a research note on Thursday, October 5th. J P Morgan Chase & Co upgraded shares of Compass Minerals International from a neutral rating to an overweight rating and set a $70.00 price objective for the company in a research note on Monday, September 25th. Finally, Monness Crespi & Hardt upgraded shares of Compass Minerals International from a neutral rating to a buy rating and set a $76.00 price objective for the company in a research note on Monday, October 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Compass Minerals International currently has an average rating of Hold and a consensus target price of $73.60.
Compass Minerals International, Inc. (NYSE CMP) remained flat at $66.25 during trading on Monday. 380,421 shares of the company traded hands. The firm’s 50 day moving average price is $66.53 and its 200-day moving average price is $66.54. The stock has a market capitalization of $2.24 billion, a PE ratio of 18.51 and a beta of 0.44. Compass Minerals International, Inc. has a 12 month low of $59.72 and a 12 month high of $84.40.
Compass Minerals International (NYSE:CMP) last released its earnings results on Monday, August 7th. The basic materials company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.12). Compass Minerals International had a net margin of 9.83% and a return on equity of 10.01%. The business had revenue of $228.00 million during the quarter, compared to analyst estimates of $261.13 million. During the same period last year, the business posted $0.18 EPS. Compass Minerals International’s revenue was up 34.5% compared to the same quarter last year. Equities research analysts anticipate that Compass Minerals International, Inc. will post $2.57 earnings per share for the current fiscal year.
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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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