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

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

Compass Minerals International (NYSE:CMP) last posted its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.19). Compass Minerals International had a positive return on equity of 4.56% and a negative net margin of 4.97%. The business had revenue of $341.70 million for the quarter, compared to analyst estimates of $352.84 million. Compass Minerals International’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

CMP opened at $12.75 on Friday. 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 stock’s 50 day moving average price is $16.51 and its two-hundred day moving average price is $21.24. The firm has a market capitalization of $526.70 million, a P/E ratio of -8.73, a price-to-earnings-growth ratio of 3.97 and a beta of 1.17. Compass Minerals International has a 12-month low of $11.85 and a 12-month high of $39.78.

Compass Minerals International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 11th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.60 annualized dividend and a dividend yield of 4.71%. Compass Minerals International’s dividend payout ratio is -41.10%.

Analyst Upgrades and Downgrades

CMP has been the subject of several research analyst reports. Loop Capital upgraded shares of Compass Minerals International from a “hold” rating to a “buy” rating and cut their target price for the company from $26.00 to $23.00 in a research note on Friday, April 26th. JPMorgan Chase & Co. dropped their price objective on shares of 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 reduced their target price on shares of Compass Minerals International from $75.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, January 11th. Finally, BMO Capital Markets decreased their target price on Compass Minerals International from $25.00 to $20.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.