Compass Minerals International, Inc. (CMP) to Post Q1 2018 Earnings of $0.83 Per Share, KeyCorp Forecasts

Compass Minerals International, Inc. (NYSE:CMP) – Investment analysts at KeyCorp issued their Q1 2018 EPS estimates for Compass Minerals International in a report issued on Tuesday. KeyCorp analyst M. Sison expects that the basic materials company will earn $0.83 per share for the quarter. KeyCorp also issued estimates for Compass Minerals International’s Q2 2018 earnings at $0.07 EPS, Q3 2018 earnings at $0.84 EPS and Q4 2018 earnings at $1.46 EPS.

Several other brokerages have also recently weighed in on CMP. Zacks Investment Research upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. TheStreet upgraded Compass Minerals International from a “c+” rating to a “b” rating in a research note on Thursday, November 30th. Stifel Nicolaus restated a “buy” rating and set a $84.00 price objective on shares of Compass Minerals International in a research note on Wednesday, November 1st. Monness Crespi & Hardt upgraded Compass Minerals International from a “neutral” rating to a “buy” rating and set a $76.00 price objective on the stock in a research note on Monday, October 2nd. Finally, JPMorgan Chase & Co. upgraded Compass Minerals International from a “neutral” rating to an “overweight” rating and set a $70.00 price objective on the stock in a research note on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $73.60.

Compass Minerals International (NYSE CMP) opened at $74.45 on Friday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.18 and a current ratio of 2.52. Compass Minerals International has a 52 week low of $59.72 and a 52 week high of $84.40. The firm has a market capitalization of $2,479.56, a price-to-earnings ratio of 17.52 and a beta of 0.51.

Compass Minerals International (NYSE:CMP) last posted its quarterly earnings results on Monday, October 30th. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.20). Compass Minerals International had a net margin of 10.72% and a return on equity of 11.52%. The business had revenue of $290.70 million during the quarter, compared to analyst estimates of $323.76 million. During the same period in the previous year, the business posted $0.27 EPS. The business’s revenue for the quarter was up 61.9% compared to the same quarter last year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Griffin Asset Management Inc. bought a new stake in shares of Compass Minerals International during the 3rd quarter worth $1,298,000. Victory Capital Management Inc. raised its stake in shares of Compass Minerals International by 6.4% during the 3rd quarter. Victory Capital Management Inc. now owns 729,200 shares of the basic materials company’s stock worth $47,325,000 after purchasing an additional 43,765 shares during the period. Kornitzer Capital Management Inc. KS raised its stake in shares of Compass Minerals International by 3.8% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 274,360 shares of the basic materials company’s stock worth $17,806,000 after purchasing an additional 10,050 shares during the period. Royal Bank of Canada raised its stake in shares of Compass Minerals International by 50.0% during the 2nd quarter. Royal Bank of Canada now owns 82,006 shares of the basic materials company’s stock worth $5,355,000 after purchasing an additional 27,348 shares during the period. Finally, BB&T Securities LLC raised its stake in shares of Compass Minerals International by 8.8% during the 3rd quarter. BB&T Securities LLC now owns 222,417 shares of the basic materials company’s stock worth $14,434,000 after purchasing an additional 17,899 shares during the period.

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Compass Minerals International Company Profile

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.

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