Brokerages Anticipate Compass Minerals International, Inc. (NYSE:CMP) to Post -$0.07 Earnings Per Share
Wall Street analysts forecast that Compass Minerals International, Inc. (NYSE:CMP) will report earnings per share (EPS) of ($0.07) for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Compass Minerals International’s earnings, with estimates ranging from ($0.12) to $0.00. Compass Minerals International posted earnings per share of $0.18 in the same quarter last year, which indicates a negative year-over-year growth rate of 138.9%. The business is expected to report its next earnings results on Monday, August 7th.
On average, analysts expect that Compass Minerals International will report full year earnings of $3.23 per share for the current fiscal year, with EPS estimates ranging from $3.20 to $3.25. For the next financial year, analysts expect that the company will report earnings of $4.05 per share, with EPS estimates ranging from $3.50 to $5.05. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Compass Minerals International.
Several research firms have weighed in on CMP. Zacks Investment Research lowered Compass Minerals International from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BidaskClub raised Compass Minerals International from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $75.00 price objective on shares of Compass Minerals International in a research note on Monday, May 15th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $77.00.
Shares of Compass Minerals International (NYSE CMP) opened at 67.80 on Tuesday. The company has a 50-day moving average price of $66.66 and a 200-day moving average price of $70.18. The company has a market cap of $2.29 billion, a P/E ratio of 17.12 and a beta of 0.45. Compass Minerals International has a 52-week low of $62.70 and a 52-week high of $84.40.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend is Wednesday, August 30th. Compass Minerals International’s dividend payout ratio (DPR) is presently 72.91%.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bernzott Capital Advisors increased its position in shares of Compass Minerals International by 19.8% in the first quarter. Bernzott Capital Advisors now owns 206,901 shares of the basic materials company’s stock valued at $14,038,000 after buying an additional 34,170 shares during the period. Viking Fund Management LLC increased its position in shares of Compass Minerals International by 33.3% in the first quarter. Viking Fund Management LLC now owns 20,000 shares of the basic materials company’s stock valued at $1,357,000 after buying an additional 5,000 shares during the period. Capstone Asset Management Co. increased its position in shares of Compass Minerals International by 3.4% in the first quarter. Capstone Asset Management Co. now owns 3,026 shares of the basic materials company’s stock valued at $205,000 after buying an additional 100 shares during the period. CFO4Life Group LLC acquired a new position in shares of Compass Minerals International during the first quarter valued at $203,000. Finally, CGOV Asset Management increased its position in shares of Compass Minerals International by 40.0% in the first quarter. CGOV Asset Management now owns 7,000 shares of the basic materials company’s stock valued at $633,000 after buying an additional 2,000 shares during the period.
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About Compass Minerals International
Compass Minerals International, Inc (CMI) is a provider of essential minerals that solve nature’s challenges, including salt for winter roadway safety and other consumer, industrial and agricultural uses; specialty plant nutrition minerals for the quality and yield of crops, and specialty chemicals for water treatment and other industrial processes.
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