Analysts Expect Compass Minerals International, Inc. (CMP) Will Announce Earnings of -$0.01 Per Share

Share on StockTwits

Equities analysts predict that Compass Minerals International, Inc. (NYSE:CMP) will report ($0.01) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Compass Minerals International’s earnings, with the lowest EPS estimate coming in at ($0.09) and the highest estimate coming in at $0.06. Compass Minerals International posted earnings of $0.37 per share during the same quarter last year, which suggests a negative year over year growth rate of 102.7%. The firm is scheduled to report its next earnings report on Tuesday, May 7th.

On average, analysts expect that Compass Minerals International will report full year earnings of $2.47 per share for the current financial year, with EPS estimates ranging from $2.25 to $2.75. For the next financial year, analysts forecast that the company will post earnings of $4.06 per share, with EPS estimates ranging from $3.75 to $4.53. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Compass Minerals International.

Compass Minerals International (NYSE:CMP) last released its earnings results on Monday, February 11th. The basic materials company reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.38). The firm had revenue of $486.50 million for the quarter, compared to the consensus estimate of $501.10 million. Compass Minerals International had a return on equity of 11.49% and a net margin of 4.61%.

Several analysts recently issued reports on the company. Zacks Investment Research lowered Compass Minerals International from a “hold” rating to a “strong sell” rating in a report on Monday. Credit Suisse Group upgraded Compass Minerals International from an “underperform” rating to a “neutral” rating and set a $49.00 price objective on the stock in a research note on Tuesday, November 27th. Finally, ValuEngine upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Friday, February 15th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $59.01.

Shares of CMP stock traded up $0.99 on Friday, hitting $52.61. 253,680 shares of the stock were exchanged, compared to its average volume of 372,856. The company has a debt-to-equity ratio of 2.45, a current ratio of 2.55 and a quick ratio of 1.60. The stock has a market capitalization of $1.75 billion, a P/E ratio of 27.26 and a beta of 1.34. Compass Minerals International has a fifty-two week low of $38.19 and a fifty-two week high of $71.25.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be paid a $0.72 dividend. The ex-dividend date is Thursday, February 28th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.47%. Compass Minerals International’s payout ratio is presently 149.22%.

Several hedge funds and other institutional investors have recently made changes to their positions in CMP. Verity & Verity LLC raised its holdings in shares of Compass Minerals International by 4.3% in the 4th quarter. Verity & Verity LLC now owns 6,095 shares of the basic materials company’s stock worth $254,000 after purchasing an additional 250 shares during the period. Arizona State Retirement System raised its holdings in shares of Compass Minerals International by 1.1% in the 4th quarter. Arizona State Retirement System now owns 24,297 shares of the basic materials company’s stock worth $1,013,000 after purchasing an additional 261 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of Compass Minerals International by 2.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,512 shares of the basic materials company’s stock worth $563,000 after purchasing an additional 274 shares during the period. ETF Managers Group LLC raised its holdings in shares of Compass Minerals International by 19.4% in the 4th quarter. ETF Managers Group LLC now owns 2,229 shares of the basic materials company’s stock worth $93,000 after purchasing an additional 362 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Compass Minerals International by 2.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 14,826 shares of the basic materials company’s stock worth $618,000 after purchasing an additional 414 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.

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 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.

Featured Article: Buyback

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.



Latest News

Bean Cash Price Hits $0.0014 on Major Exchanges
Bean Cash Price Hits $0.0014 on Major Exchanges
$1.93 Earnings Per Share Expected for United Parcel Service, Inc.  This Quarter
$1.93 Earnings Per Share Expected for United Parcel Service, Inc. This Quarter
RDI Reit  Reaches New 12-Month Low at $116.80
RDI Reit Reaches New 12-Month Low at $116.80
Contourglobal PLC  Insider Purchases £20,573.40 in Stock
Contourglobal PLC Insider Purchases £20,573.40 in Stock
Crowdholding Tops 24 Hour Trading Volume of $240.00
Crowdholding Tops 24 Hour Trading Volume of $240.00
Head-To-Head Survey: Freestone Resources  and Weatherford International
Head-To-Head Survey: Freestone Resources and Weatherford International


© 2006-2019 Ticker Report