Analysts predict that Compass Minerals (NYSE:CMP) will report $245.71 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Compass Minerals’ earnings, with the highest sales estimate coming in at $249.21 million and the lowest estimate coming in at $242.20 million. Compass Minerals posted sales of $228.00 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7.8%. The company is scheduled to issue its next earnings results on Monday, August 6th.
According to Zacks, analysts expect that Compass Minerals will report full-year sales of $1.52 billion for the current fiscal year, with estimates ranging from $1.50 billion to $1.56 billion. For the next financial year, analysts expect that the company will post sales of $1.60 billion per share, with estimates ranging from $1.57 billion to $1.63 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Compass Minerals.
Compass Minerals (NYSE:CMP) last issued its quarterly earnings data on Tuesday, May 1st. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.28). The business had revenue of $437.90 million for the quarter, compared to analyst estimates of $431.82 million. Compass Minerals had a return on equity of 12.03% and a net margin of 2.39%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 earnings per share.
Several equities analysts have recently issued reports on the company. Credit Suisse Group downgraded Compass Minerals from a “neutral” rating to an “underperform” rating and boosted their price objective for the stock from $59.72 to $60.00 in a research report on Wednesday, February 14th. Zacks Investment Research upgraded Compass Minerals from a “sell” rating to a “hold” rating in a research report on Thursday, May 3rd. ValuEngine downgraded Compass Minerals from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. BMO Capital Markets reduced their price objective on Compass Minerals from $75.00 to $70.00 and set a “market perform” rating for the company in a research report on Thursday, February 15th. Finally, Stephens assumed coverage on Compass Minerals in a research report on Monday, April 2nd. They set an “overweight” rating and a $74.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $71.50.
Shares of NYSE CMP opened at $68.70 on Friday. The company has a debt-to-equity ratio of 1.82, a current ratio of 2.38 and a quick ratio of 1.51. The company has a market cap of $2.34 billion, a PE ratio of 24.98 and a beta of 0.61. Compass Minerals has a 12-month low of $56.50 and a 12-month high of $76.65.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be given a $0.72 dividend. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $2.88 dividend on an annualized basis and a yield of 4.19%. Compass Minerals’s dividend payout ratio (DPR) is 104.73%.
In other news, SVP Steven N. Berger bought 750 shares of the business’s stock in a transaction on Wednesday, March 28th. The stock was purchased at an average cost of $59.35 per share, for a total transaction of $44,512.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy Yoder sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $69.04, for a total value of $41,424.00. Following the completion of the sale, the director now owns 496 shares of the company’s stock, valued at $34,243.84. The disclosure for this sale can be found here. Insiders sold 2,829 shares of company stock valued at $182,319 over the last 90 days. 0.94% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Deprince Race & Zollo Inc. lifted its position in Compass Minerals by 15.0% in the fourth quarter. Deprince Race & Zollo Inc. now owns 796,741 shares of the basic materials company’s stock worth $57,565,000 after purchasing an additional 103,909 shares during the period. Meadow Creek Investment Management LLC lifted its position in Compass Minerals by 24.1% in the fourth quarter. Meadow Creek Investment Management LLC now owns 4,620 shares of the basic materials company’s stock worth $334,000 after purchasing an additional 896 shares during the period. LPL Financial LLC lifted its position in Compass Minerals by 29.7% in the fourth quarter. LPL Financial LLC now owns 27,610 shares of the basic materials company’s stock worth $1,994,000 after purchasing an additional 6,325 shares during the period. Deutsche Bank AG lifted its position in Compass Minerals by 11.6% in the fourth quarter. Deutsche Bank AG now owns 252,641 shares of the basic materials company’s stock worth $18,251,000 after purchasing an additional 26,214 shares during the period. Finally, Atria Investments LLC lifted its position in Compass Minerals by 48.1% in the fourth quarter. Atria Investments LLC now owns 8,736 shares of the basic materials company’s stock worth $631,000 after purchasing an additional 2,838 shares during the period.
Compass Minerals 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 in 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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