Compass Minerals International, Inc. (NYSE:CMP) announced a quarterly dividend on Wednesday, February 19th, Zacks reports. Investors of record on Monday, March 2nd will be given a dividend of 0.72 per share by the basic materials company on Monday, March 16th. This represents a $2.88 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend is Friday, February 28th.
Compass Minerals International has a payout ratio of 87.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Compass Minerals International to earn $3.95 per share next year, which means the company should continue to be able to cover its $2.88 annual dividend with an expected future payout ratio of 72.9%.
CMP opened at $58.79 on Thursday. The company has a quick ratio of 1.60, a current ratio of 2.66 and a debt-to-equity ratio of 2.58. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 32.66 and a beta of 1.41. Compass Minerals International has a twelve month low of $47.51 and a twelve month high of $66.14. The company has a 50-day simple moving average of $60.10 and a 200 day simple moving average of $56.65.
Compass Minerals International (NYSE:CMP) last issued its earnings results on Monday, February 10th. The basic materials company reported $1.63 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.25). Compass Minerals International had a return on equity of 12.93% and a net margin of 4.19%. The company had revenue of $500.30 million during the quarter, compared to the consensus estimate of $521.09 million. During the same quarter in the prior year, the business earned $1.41 EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. Sell-side analysts anticipate that Compass Minerals International will post 3.37 EPS for the current fiscal year.
A number of analysts have recently weighed in on the company. Credit Suisse Group upped their price objective on Compass Minerals International from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. BMO Capital Markets boosted their price objective on shares of Compass Minerals International from $55.00 to $60.00 and gave the company a “market perform” rating in a research report on Wednesday, February 12th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Compass Minerals International from a “hold” rating to a “sell” rating in a research report on Tuesday, January 7th. Monness Crespi & Hardt boosted their price objective on shares of Compass Minerals International from $63.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Finally, ValuEngine raised shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Compass Minerals International presently has an average rating of “Hold” and an average price target of $63.00.
Compass Minerals International Company Profile
Compass Minerals International, Inc, produces and sells salt, and specialty plant nutrition and chemical products primarily in the United States, Canada, Brazil, and the United Kingdom. It operates through three segments: Salt, Plant Nutrition North America, and Plant Nutrition South America. The Salt segment offers 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 salt to produce specialty products.
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