Compass Minerals International, Inc. (NYSE:CMP) Expected to Announce Earnings of -$0.26 Per Share

Brokerages expect that Compass Minerals International, Inc. (NYSE:CMPGet Rating) will announce ($0.26) earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for Compass Minerals International’s earnings, with the lowest EPS estimate coming in at ($0.34) and the highest estimate coming in at ($0.17). Compass Minerals International posted earnings per share of ($0.49) in the same quarter last year, which indicates a positive year over year growth rate of 46.9%. The firm is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that Compass Minerals International will report full year earnings of $0.70 per share for the current year, with EPS estimates ranging from $0.21 to $1.23. For the next fiscal year, analysts forecast that the firm will report earnings of $2.05 per share, with EPS estimates ranging from $1.27 to $3.53. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Compass Minerals International.

Compass Minerals International (NYSE:CMPGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The basic materials company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.60). Compass Minerals International had a negative net margin of 0.72% and a positive return on equity of 1.42%. The firm had revenue of $448.50 million for the quarter, compared to the consensus estimate of $422.32 million. During the same quarter last year, the firm earned $0.95 EPS. The company’s revenue was up 5.4% on a year-over-year basis.

CMP has been the subject of a number of research reports. Zacks Investment Research raised shares of Compass Minerals International from a “strong sell” rating to a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. downgraded shares of Compass Minerals International from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $57.00 to $52.00 in a report on Thursday, February 10th. CL King reduced their target price on shares of Compass Minerals International from $67.00 to $52.00 in a report on Wednesday. BMO Capital Markets boosted their target price on shares of Compass Minerals International from $60.00 to $63.00 and gave the stock a “market perform” rating in a report on Monday, April 18th. Finally, StockNews.com assumed coverage on shares of Compass Minerals International in a report on Thursday, March 31st. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Compass Minerals International currently has an average rating of “Hold” and a consensus target price of $61.83.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Segall Bryant & Hamill LLC increased its holdings in Compass Minerals International by 18.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 1,316,457 shares of the basic materials company’s stock worth $84,781,000 after buying an additional 208,238 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Compass Minerals International by 23.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,284 shares of the basic materials company’s stock worth $117,000 after buying an additional 434 shares during the period. Inspire Investing LLC acquired a new position in Compass Minerals International in the 3rd quarter worth approximately $242,000. First Foundation Advisors increased its holdings in Compass Minerals International by 82.2% in the 3rd quarter. First Foundation Advisors now owns 15,554 shares of the basic materials company’s stock worth $1,002,000 after buying an additional 7,015 shares during the period. Finally, Glenview Trust Co acquired a new position in Compass Minerals International in the 3rd quarter worth approximately $276,000. Hedge funds and other institutional investors own 94.99% of the company’s stock.

Shares of CMP traded up $1.97 during trading hours on Friday, reaching $43.20. 326,349 shares of the company traded hands, compared to its average volume of 297,304. Compass Minerals International has a 12-month low of $40.20 and a 12-month high of $75.44. The stock’s fifty day moving average price is $59.90 and its 200 day moving average price is $57.39. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of -139.35 and a beta of 1.43. The company has a current ratio of 2.33, a quick ratio of 1.39 and a debt-to-equity ratio of 3.22.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 21st. Stockholders of record on Thursday, March 10th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, March 9th. This represents a $0.60 annualized dividend and a dividend yield of 1.39%. Compass Minerals International’s dividend payout ratio (DPR) is currently -193.54%.

Compass Minerals International Company Profile (Get Rating)

Compass Minerals International, Inc, produces and sells essential minerals primarily in the United States, Canada, Brazil, the United Kingdom, and internationally. 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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