Equities research analysts expect that Compass Minerals International, Inc. (NYSE:CMP) will report ($0.14) earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Compass Minerals International’s earnings, with the highest EPS estimate coming in at ($0.10) and the lowest estimate coming in at ($0.19). Compass Minerals International reported earnings of ($0.19) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 26.3%. The firm is expected to announce its next earnings report on Monday, August 6th.
On average, analysts expect that Compass Minerals International will report full year earnings of $2.92 per share for the current fiscal year, with EPS estimates ranging from $2.75 to $3.00. For the next year, analysts anticipate that the firm will post earnings of $4.13 per share, with EPS estimates ranging from $3.60 to $4.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Compass Minerals International.
Compass Minerals International (NYSE:CMP) last released its quarterly earnings results on Tuesday, May 1st. The basic materials company reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.28). Compass Minerals International had a return on equity of 12.03% and a net margin of 2.39%. The company had revenue of $437.90 million during the quarter, compared to analyst estimates of $431.82 million. During the same period last year, the firm earned $0.63 earnings per share. The business’s revenue was up 12.9% compared to the same quarter last year.
CMP has been the subject of several analyst reports. ValuEngine upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Tuesday, April 17th. Zacks Investment Research upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Thursday, May 3rd. Finally, Stephens initiated coverage on Compass Minerals International in a research note on Monday, April 2nd. They issued an “overweight” rating and a $74.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $71.50.
In other Compass Minerals International news, Director Amy Yoder sold 600 shares of the business’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $69.04, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Steven N. Berger purchased 750 shares of the stock in a transaction on Wednesday, March 28th. The shares were purchased at an average cost of $59.35 per share, with a total value of $44,512.50. The disclosure for this purchase can be found here. 0.94% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the business. Archford Capital Strategies LLC acquired a new stake in shares of Compass Minerals International during the 1st quarter worth approximately $158,000. Stratos Wealth Partners LTD. boosted its holdings in Compass Minerals International by 65.2% during the first quarter. Stratos Wealth Partners LTD. now owns 2,280 shares of the basic materials company’s stock worth $137,000 after purchasing an additional 900 shares during the last quarter. CoreCommodity Management LLC purchased a new position in Compass Minerals International during the fourth quarter worth about $167,000. Crossmark Global Holdings Inc. purchased a new position in Compass Minerals International during the fourth quarter worth about $218,000. Finally, Landscape Capital Management L.L.C. purchased a new position in Compass Minerals International during the fourth quarter worth about $220,000.
Shares of NYSE CMP traded up $1.15 during trading on Friday, reaching $66.50. The company had a trading volume of 2,666 shares, compared to its average volume of 313,653. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 24.18 and a beta of 0.60. Compass Minerals International has a twelve month low of $56.50 and a twelve month high of $76.65. The company has a quick ratio of 1.51, a current ratio of 2.38 and a debt-to-equity ratio of 1.82.
The company also recently declared a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, June 1st were given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend was Thursday, May 31st. Compass Minerals International’s dividend payout ratio (DPR) is presently 104.73%.
About Compass Minerals International
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.
Get a free copy of the Zacks research report on Compass Minerals International (CMP)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Compass Minerals International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compass Minerals International and related companies with MarketBeat.com's FREE daily email newsletter.