KeyCorp Equities Analysts Cut Earnings Estimates for Compass Minerals International, Inc. (CMP)

Compass Minerals International, Inc. (NYSE:CMP) – Analysts at KeyCorp lowered their Q3 2017 earnings per share (EPS) estimates for shares of Compass Minerals International in a research report issued to clients and investors on Wednesday. KeyCorp analyst M. Sison now expects that the basic materials company will post earnings per share of $0.89 for the quarter, down from their previous forecast of $1.00. KeyCorp also issued estimates for Compass Minerals International’s FY2017 earnings at $3.00 EPS.

A number of other equities analysts have also weighed in on CMP. BMO Capital Markets reiterated a “hold” rating and set a $75.00 target price on shares of Compass Minerals International in a research note on Friday, May 5th. Zacks Investment Research upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. BidaskClub upgraded Compass Minerals International from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Finally, Credit Suisse Group set a $63.00 price objective on Compass Minerals International and gave the stock a “hold” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock presently has an average rating of “Hold” and an average target price of $73.50.

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Shares of Compass Minerals International (CMP) opened at 63.75 on Friday. Compass Minerals International has a 52-week low of $62.70 and a 52-week high of $84.40. The stock’s 50 day moving average price is $66.92 and its 200-day moving average price is $69.71. The company has a market capitalization of $2.16 billion, a PE ratio of 17.81 and a beta of 0.45.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings data on Monday, August 7th. The basic materials company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.12. The firm had revenue of $228 million for the quarter, compared to the consensus estimate of $261.13 million. Compass Minerals International had a net margin of 9.83% and a return on equity of 10.01%. The business’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 earnings per share.

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Compass Minerals International by 5,576.2% in the first quarter. BlackRock Inc. now owns 2,875,727 shares of the basic materials company’s stock valued at $195,118,000 after buying an additional 2,825,064 shares during the last quarter. Morningstar Investment Services LLC raised its position in shares of Compass Minerals International by 28.3% in the second quarter. Morningstar Investment Services LLC now owns 1,065,984 shares of the basic materials company’s stock valued at $69,609,000 after buying an additional 235,138 shares during the last quarter. Cove Street Capital LLC raised its position in shares of Compass Minerals International by 59.9% in the first quarter. Cove Street Capital LLC now owns 477,709 shares of the basic materials company’s stock valued at $32,412,000 after buying an additional 178,934 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Compass Minerals International by 25.7% in the first quarter. Wells Fargo & Company MN now owns 779,834 shares of the basic materials company’s stock valued at $52,912,000 after buying an additional 159,469 shares during the last quarter. Finally, Nuance Investments LLC raised its position in shares of Compass Minerals International by 42.4% in the second quarter. Nuance Investments LLC now owns 484,532 shares of the basic materials company’s stock valued at $31,640,000 after buying an additional 144,173 shares during the last quarter.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.72 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $2.88 annualized dividend and a dividend yield of 4.52%. Compass Minerals International’s payout ratio is 80.45%.

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.

Earnings History and Estimates for Compass Minerals International (NYSE:CMP)

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