Analysts Expect Compass Minerals International, Inc. (CMP) Will Announce Quarterly Sales of $322.50 Million
Brokerages expect Compass Minerals International, Inc. (NYSE:CMP) to report $322.50 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Compass Minerals International’s earnings. The lowest sales estimate is $319.79 million and the highest is $325.20 million. Compass Minerals International posted sales of $179.60 million in the same quarter last year, which indicates a positive year-over-year growth rate of 79.6%. The firm is scheduled to report its next quarterly earnings results on Monday, October 23rd.
On average, analysts expect that Compass Minerals International will report full year sales of $322.50 million for the current fiscal year, with estimates ranging from $1.38 billion to $1.51 billion. For the next financial year, analysts anticipate that the business will report sales of $1.51 billion per share, with estimates ranging from $1.43 billion to $1.57 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Compass Minerals International.
Compass Minerals International (NYSE:CMP) last posted its earnings results on Monday, August 7th. The basic materials company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.12). The business had revenue of $228.00 million for the quarter, compared to analysts’ expectations of $261.13 million. Compass Minerals International had a return on equity of 10.01% and a net margin of 9.83%. Compass Minerals International’s revenue for the quarter was up 34.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 EPS.
CMP has been the subject of a number of recent analyst reports. BidaskClub upgraded Compass Minerals International from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 23rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $84.00 target price on shares of Compass Minerals International in a research report on Thursday, September 21st. Zacks Investment Research raised Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Monness Crespi & Hardt upgraded Compass Minerals International from a “neutral” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Monday. Finally, Credit Suisse Group set a $63.00 target price on Compass Minerals International and gave the company a “hold” rating in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $76.83.
Compass Minerals International (NYSE:CMP) opened at 66.20 on Wednesday. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 18.50 and a beta of 0.44. The firm has a 50-day moving average of $66.61 and a 200 day moving average of $66.73. Compass Minerals International has a 52 week low of $59.72 and a 52 week high of $84.40.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a $0.72 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $2.88 dividend on an annualized basis and a yield of 4.35%. Compass Minerals International’s dividend payout ratio (DPR) is 80.45%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. CGOV Asset Management lifted its holdings in Compass Minerals International by 40.0% during the 1st quarter. CGOV Asset Management now owns 7,000 shares of the basic materials company’s stock worth $633,000 after buying an additional 2,000 shares during the last quarter. Great West Life Assurance Co. Can grew its position in shares of Compass Minerals International by 2.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 21,421 shares of the basic materials company’s stock worth $1,453,000 after acquiring an additional 610 shares in the last quarter. American Century Companies Inc. acquired a new position in shares of Compass Minerals International in the 1st quarter worth approximately $570,000. UBS Asset Management Americas Inc. grew its position in shares of Compass Minerals International by 25.4% in the 1st quarter. UBS Asset Management Americas Inc. now owns 27,398 shares of the basic materials company’s stock worth $1,859,000 after acquiring an additional 5,557 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new position in shares of Compass Minerals International in the 1st quarter worth approximately $1,136,000.
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Compass Minerals International Company Profile
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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