Compass Minerals (CMP) Expected to Post Earnings of -$0.14 Per Share

Brokerages predict that Compass Minerals (NYSE:CMP) will announce earnings of ($0.14) per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Compass Minerals’ earnings, with the highest EPS estimate coming in at ($0.10) and the lowest estimate coming in at ($0.19). Compass Minerals posted earnings per share of ($0.19) in the same quarter last year, which suggests a positive year over year growth rate of 26.3%. The business is expected to announce its next quarterly earnings results on Monday, August 6th.

On average, analysts expect that Compass Minerals will report full-year earnings of $2.90 per share for the current financial year, with EPS estimates ranging from $2.75 to $3.00. For the next fiscal year, analysts anticipate that the company will post earnings of $4.03 per share, with EPS estimates ranging from $3.60 to $4.50. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for 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 for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.28). Compass Minerals had a net margin of 2.39% and a return on equity of 12.03%. The company had revenue of $437.90 million for the quarter, compared to the consensus estimate of $431.82 million. During the same period in the previous year, the business earned $0.63 EPS. Compass Minerals’s revenue for the quarter was up 12.9% compared to the same quarter last year.

CMP has been the topic of a number of recent research reports. Zacks Investment Research downgraded Compass Minerals from a “hold” rating to a “sell” rating in a research report on Monday, January 29th. ValuEngine raised Compass Minerals from a “sell” rating to a “hold” rating in a research report on Tuesday, April 17th. TheStreet downgraded Compass Minerals from a “b” rating to a “c+” rating in a research report on Tuesday, February 13th. Credit Suisse Group downgraded Compass Minerals from a “neutral” rating to an “underperform” rating and raised their price objective for the company from $59.72 to $60.00 in a research report on Wednesday, February 14th. Finally, Stifel Nicolaus dropped their price objective on Compass Minerals from $85.00 to $79.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Compass Minerals currently has an average rating of “Hold” and an average price target of $71.50.

CMP stock traded down $0.40 during trading on Friday, reaching $65.70. 162,097 shares of the company traded hands, compared to its average volume of 363,475. Compass Minerals has a 12 month low of $56.50 and a 12 month high of $76.65. The company has a market cap of $2.23 billion, a P/E ratio of 23.89 and a beta of 0.61. 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 firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend is Thursday, May 31st. Compass Minerals’s dividend payout ratio is presently 104.73%.

In other Compass Minerals news, insider Francis Joseph Malecha sold 1,572 shares of the firm’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $63.21, for a total value of $99,366.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amy Yoder sold 600 shares of the firm’s stock in a transaction dated 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 directly owns 496 shares of the company’s stock, valued at approximately $34,243.84. The disclosure for this sale can be found here. In the last three months, insiders sold 2,829 shares of company stock valued at $182,319. Corporate insiders own 0.94% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its holdings in Compass Minerals by 29.0% in the first quarter. Envestnet Asset Management Inc. now owns 3,248 shares of the basic materials company’s stock worth $199,000 after acquiring an additional 730 shares in the last quarter. Legal & General Group Plc boosted its holdings in Compass Minerals by 1.8% in the first quarter. Legal & General Group Plc now owns 42,699 shares of the basic materials company’s stock worth $2,574,000 after acquiring an additional 775 shares in the last quarter. Meadow Creek Investment Management LLC boosted its holdings 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 acquiring an additional 896 shares in the last quarter. Stratos Wealth Partners LTD. boosted its holdings in Compass Minerals by 65.2% in the first quarter. Stratos Wealth Partners LTD. now owns 2,280 shares of the basic materials company’s stock worth $137,000 after acquiring an additional 900 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in Compass Minerals by 5.9% in the fourth quarter. US Bancorp DE now owns 17,003 shares of the basic materials company’s stock worth $1,229,000 after acquiring an additional 942 shares in the last quarter.

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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