$417.90 Million in Sales Expected for Compass Minerals (CMP) This Quarter

Brokerages predict that Compass Minerals (NYSE:CMP) will post $417.90 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Compass Minerals’ earnings. The lowest sales estimate is $397.90 million and the highest is $437.89 million. Compass Minerals posted sales of $387.80 million during the same quarter last year, which would indicate a positive year over year growth rate of 7.8%. The company is expected to issue its next quarterly earnings report on Wednesday, May 2nd.

On average, analysts expect that Compass Minerals will report full-year sales of $1.51 billion for the current financial year, with estimates ranging from $1.46 billion to $1.56 billion. For the next financial year, analysts expect that the business will report sales of $1.59 billion per share, with estimates ranging from $1.56 billion to $1.62 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Compass Minerals.

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Compass Minerals (NYSE:CMP) last released its quarterly earnings results on Tuesday, February 13th. The basic materials company reported $1.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.29. Compass Minerals had a net margin of 3.13% and a return on equity of 13.02%. The firm had revenue of $457.90 million for the quarter, compared to the consensus estimate of $468.52 million.

CMP has been the subject of several research analyst reports. Credit Suisse Group downgraded shares of Compass Minerals from a “neutral” rating to an “underperform” rating and boosted their target price for the stock from $59.72 to $60.00 in a research report on Wednesday, February 14th. ValuEngine downgraded shares of Compass Minerals from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Zacks Investment Research raised shares of Compass Minerals from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. BMO Capital Markets dropped their target price on shares of 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 initiated coverage on shares of Compass Minerals in a research report on Monday, April 2nd. They issued an “overweight” rating and a $74.00 target price for the company. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Compass Minerals presently has a consensus rating of “Hold” and a consensus price target of $71.50.

In other Compass Minerals news, SVP Steven N. Berger acquired 750 shares of the stock in a transaction that occurred on Wednesday, March 28th. The stock was acquired at an average price of $59.35 per share, with a total value of $44,512.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Francis Joseph Malecha sold 1,572 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $63.21, for a total transaction of $99,366.12. The disclosure for this sale can be found here. Insiders sold a total of 2,229 shares of company stock valued at $140,895 in the last three months. Insiders own 0.94% of the company’s stock.

Large investors have recently made changes to their positions in the stock. SeaCrest Wealth Management LLC bought a new stake in shares of Compass Minerals during the 4th quarter valued at about $103,000. First PREMIER Bank bought a new stake in shares of Compass Minerals during the 4th quarter valued at about $115,000. CoreCommodity Management LLC bought a new stake in shares of Compass Minerals during the 4th quarter valued at about $167,000. Verity Asset Management Inc. bought a new stake in shares of Compass Minerals during the 4th quarter valued at about $205,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Compass Minerals during the 4th quarter valued at about $218,000.

Compass Minerals stock opened at $64.70 on Monday. Compass Minerals has a 12-month low of $56.50 and a 12-month high of $76.65. The firm has a market cap of $2,182.15, a P/E ratio of 23.53 and a beta of 0.64. The company has a current ratio of 2.75, a quick ratio of 1.67 and a debt-to-equity ratio of 1.92.

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About Compass Minerals

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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