Wall Street brokerages expect Compass Minerals International, Inc. (NYSE:CMP) to announce $247.15 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Compass Minerals International’s earnings, with estimates ranging from $240.20 million to $253.60 million. Compass Minerals International posted sales of $246.70 million during the same quarter last year, which suggests a positive year over year growth rate of 0.2%. The business is expected to announce its next quarterly earnings results on Monday, August 5th.
On average, analysts expect that Compass Minerals International will report full year sales of $1.53 billion for the current fiscal year, with estimates ranging from $1.52 billion to $1.53 billion. For the next year, analysts anticipate that the business will report sales of $1.66 billion, with estimates ranging from $1.61 billion to $1.75 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Compass Minerals International.
Compass Minerals International (NYSE:CMP) last posted its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.21. The business had revenue of $403.70 million during the quarter, compared to analysts’ expectations of $417.50 million. Compass Minerals International had a net margin of 4.37% and a return on equity of 11.26%. The business’s quarterly revenue was down 7.8% on a year-over-year basis. During the same period last year, the company posted $0.37 earnings per share.
CMP has been the subject of a number of research reports. Zacks Investment Research cut shares of Compass Minerals International from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd. BMO Capital Markets set a $60.00 price target on shares of Compass Minerals International and gave the stock a “hold” rating in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $59.02.
In other Compass Minerals International news, CFO James D. Standen acquired 692 shares of Compass Minerals International stock in a transaction dated Monday, May 13th. The stock was purchased at an average cost of $52.05 per share, for a total transaction of $36,018.60. Following the completion of the acquisition, the chief financial officer now directly owns 3,000 shares of the company’s stock, valued at $156,150. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lori A. Walker acquired 700 shares of Compass Minerals International stock in a transaction dated Monday, May 13th. The shares were acquired at an average price of $52.21 per share, with a total value of $36,547.00. Following the completion of the acquisition, the director now directly owns 700 shares of the company’s stock, valued at $36,547. The disclosure for this purchase can be found here. Insiders have bought 2,722 shares of company stock valued at $144,229 over the last quarter. Corporate insiders own 0.60% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of CMP. Norges Bank acquired a new position in shares of Compass Minerals International during the fourth quarter valued at about $10,894,000. Deprince Race & Zollo Inc. grew its holdings in shares of Compass Minerals International by 23.6% during the fourth quarter. Deprince Race & Zollo Inc. now owns 1,230,684 shares of the basic materials company’s stock valued at $51,307,000 after buying an additional 234,982 shares during the last quarter. Lodge Hill Capital LLC grew its holdings in shares of Compass Minerals International by 844.8% during the fourth quarter. Lodge Hill Capital LLC now owns 236,200 shares of the basic materials company’s stock valued at $9,847,000 after buying an additional 211,200 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Compass Minerals International by 22.6% during the fourth quarter. Bank of New York Mellon Corp now owns 1,123,458 shares of the basic materials company’s stock valued at $46,838,000 after buying an additional 207,072 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Compass Minerals International by 31.5% during the fourth quarter. Van ECK Associates Corp now owns 799,795 shares of the basic materials company’s stock valued at $33,343,000 after buying an additional 191,418 shares during the last quarter. Hedge funds and other institutional investors own 93.41% of the company’s stock.
NYSE:CMP opened at $54.84 on Thursday. The company has a debt-to-equity ratio of 2.27, a current ratio of 2.16 and a quick ratio of 1.37. The firm has a market capitalization of $1.86 billion, a PE ratio of 30.98 and a beta of 1.35. The business has a fifty day moving average of $54.33. Compass Minerals International has a 12 month low of $38.19 and a 12 month high of $70.40.
The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date was Thursday, May 30th. Compass Minerals International’s payout ratio is 149.22%.
Compass Minerals International 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 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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