Compass Minerals International, Inc. (CMP) Releases Earnings Results
Compass Minerals International, Inc. (NYSE:CMP) released its quarterly earnings data on Monday. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.20), Bloomberg Earnings reports. Compass Minerals International had a net margin of 9.83% and a return on equity of 10.01%. The firm had revenue of $290.70 million during the quarter, compared to analysts’ expectations of $323.76 million. During the same quarter in the previous year, the firm posted $0.27 EPS. Compass Minerals International’s revenue was up 61.9% compared to the same quarter last year. Compass Minerals International updated its FY17 guidance to $2.50 to $2.80 EPS.
Shares of Compass Minerals International (NYSE CMP) opened at 66.25 on Tuesday. The company’s 50-day moving average is $66.49 and its 200 day moving average is $66.49. Compass Minerals International has a 1-year low of $59.72 and a 1-year high of $84.40. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 18.51 and a beta of 0.44.
A number of equities analysts have issued reports on the stock. BidaskClub cut shares of Compass Minerals International from a “hold” rating to a “sell” rating in a research report 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 report on Wednesday, August 9th. J P Morgan Chase & Co raised shares of Compass Minerals International from a “neutral” rating to an “overweight” rating and set a $70.00 target price on the stock in a research note on Monday, September 25th. Zacks Investment Research lowered shares of Compass Minerals International from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, Monness Crespi & Hardt raised shares of Compass Minerals International from a “neutral” rating to a “buy” rating and set a $76.00 target price on the stock in a research note on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $73.60.
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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