Compass Minerals International
The 10-second takeaway
For the quarter ended June 30 (Q2), Compass Minerals International met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share dropped significantly.
Margins contracted across the board.
Compass Minerals International logged revenue of $178.5 million. The five analysts polled by S&P Capital IQ wanted to see a top line of $179.2 million on the same basis. GAAP reported sales were 0.8% lower than the prior-year quarter's $179.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.31. The seven earnings estimates compiled by S&P Capital IQ predicted $0.27 per share. GAAP EPS of $0.28 for Q2 were 33% lower than the prior-year quarter's $0.42 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 21.6%, 300 basis points worse than the prior-year quarter. Operating margin was 8.7%, 360 basis points worse than the prior-year quarter. Net margin was 5.3%, 250 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $208.0 million. On the bottom line, the average EPS estimate is $0.59.
Next year's average estimate for revenue is $1.05 billion. The average EPS estimate is $3.82.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 754 members out of 781 rating the stock outperform, and 27 members rating it underperform. Among 159 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 151 give Compass Minerals International a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Compass Minerals International is hold, with an average price target of $79.86.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Compass Minerals International. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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