Compass Minerals International (CMP) to Release Quarterly Earnings on Tuesday

Compass Minerals International (NYSE:CMP) will be issuing its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Compass Minerals International has set its FY 2024 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.19). Compass Minerals International had a negative net margin of 4.97% and a positive return on equity of 4.56%. The business had revenue of $341.70 million for the quarter, compared to analyst estimates of $352.84 million. The business’s revenue was down 3.0% on a year-over-year basis. On average, analysts expect Compass Minerals International to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Compass Minerals International Stock Performance

Shares of CMP opened at $12.75 on Friday. Compass Minerals International has a 52-week low of $11.85 and a 52-week high of $39.78. The company has a quick ratio of 1.15, a current ratio of 3.07 and a debt-to-equity ratio of 1.98. The firm has a market cap of $526.70 million, a price-to-earnings ratio of -8.73, a PEG ratio of 3.97 and a beta of 1.17. The business’s 50 day moving average is $16.51 and its two-hundred day moving average is $21.24.

Compass Minerals International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 11th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, March 8th. This represents a $0.60 dividend on an annualized basis and a yield of 4.71%. Compass Minerals International’s dividend payout ratio (DPR) is -41.10%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CMP. BMO Capital Markets cut their target price on shares of Compass Minerals International from $25.00 to $20.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 26th. JPMorgan Chase & Co. reduced their target price on Compass Minerals International from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. Stifel Nicolaus lowered their price target on Compass Minerals International from $75.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, January 11th. Finally, Loop Capital raised Compass Minerals International from a “hold” rating to a “buy” rating and dropped their price target for the company from $26.00 to $23.00 in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $33.80.

About Compass Minerals International

Compass Minerals International, Inc, provides essential minerals in the United States, Canada, the United Kingdom, and internationally. It operates through two segments, Salt and Plant Nutrition. The Salt segment produces, markets, and sells sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with sodium chloride to produce specialty products.