Wall Street analysts expect Compass Minerals International, Inc. (NYSE:CMP – Get Rating) to report ($0.28) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Compass Minerals International’s earnings. The highest EPS estimate is ($0.17) and the lowest is ($0.41). 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 42.9%. The business is expected to report its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Compass Minerals International will report full year earnings of $0.25 per share for the current financial year, with EPS estimates ranging from $0.08 to $0.45. For the next financial year, analysts forecast that the business will report earnings of $1.53 per share, with EPS estimates ranging from $1.27 to $1.85. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Compass Minerals International.
Compass Minerals International (NYSE:CMP – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The basic materials company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.60). The firm had revenue of $448.50 million for the quarter, compared to analysts’ expectations of $422.32 million. Compass Minerals International had a positive return on equity of 1.42% and a negative net margin of 0.72%. Compass Minerals International’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $0.95 EPS.
CMP has been the topic of several recent research reports. CL King decreased their price objective on shares of Compass Minerals International from $67.00 to $52.00 in a research report on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Compass Minerals International from $73.00 to $55.00 in a research report on Monday, May 23rd. JPMorgan Chase & Co. downgraded Compass Minerals International from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $57.00 to $52.00 in a research report on Thursday, February 10th. BMO Capital Markets upped their target price on Compass Minerals International from $60.00 to $63.00 and gave the company a “market perform” rating in a research note on Monday, April 18th. Finally, Zacks Investment Research raised Compass Minerals International from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $58.83.
Compass Minerals International stock opened at $45.49 on Friday. Compass Minerals International has a fifty-two week low of $40.20 and a fifty-two week high of $75.44. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of -146.74 and a beta of 1.43. The stock’s fifty day moving average is $56.72 and its two-hundred day moving average is $55.73. The company has a debt-to-equity ratio of 3.22, a quick ratio of 1.39 and a current ratio of 2.33.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 20th. Shareholders of record on Friday, June 10th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, June 9th. This represents a $0.60 annualized dividend and a yield of 1.32%. Compass Minerals International’s payout ratio is currently -193.54%.
Large investors have recently made changes to their positions in the company. Exchange Capital Management Inc. increased its position in Compass Minerals International by 0.5% during the first quarter. Exchange Capital Management Inc. now owns 38,036 shares of the basic materials company’s stock worth $2,388,000 after purchasing an additional 188 shares during the last quarter. Concord Wealth Partners grew its stake in shares of Compass Minerals International by 13.8% during the 4th quarter. Concord Wealth Partners now owns 1,828 shares of the basic materials company’s stock valued at $93,000 after buying an additional 222 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Compass Minerals International by 10.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 2,574 shares of the basic materials company’s stock worth $131,000 after buying an additional 253 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Compass Minerals International by 2.7% in the 1st quarter. Private Advisor Group LLC now owns 10,615 shares of the basic materials company’s stock worth $667,000 after buying an additional 284 shares during the period. Finally, Schaper Benz & Wise Investment Counsel Inc. WI increased its stake in Compass Minerals International by 0.5% during the first quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 65,751 shares of the basic materials company’s stock worth $4,129,000 after acquiring an additional 312 shares during the last quarter. 94.99% of the stock is owned by institutional investors and hedge funds.
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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