Wall Street analysts expect that Compass Minerals International, Inc. (NYSE:CMP) will announce sales of $322.50 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Compass Minerals International’s earnings, with estimates ranging from $319.79 million to $325.20 million. Compass Minerals International posted sales of $179.60 million in the same quarter last year, which suggests a positive year over year growth rate of 79.6%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Monday, October 30th.

According to Zacks, analysts expect that Compass Minerals International will report full year sales of $322.50 million for the current financial year, with estimates ranging from $1.38 billion to $1.51 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.50 billion per share, with estimates ranging from $1.40 billion to $1.57 billion. Zacks’ 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 quarterly earnings data on Monday, August 7th. The basic materials company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.12). The business had revenue of $228.00 million during the quarter, compared to the consensus estimate of $261.13 million. Compass Minerals International had a return on equity of 10.01% and a net margin of 9.83%. The company’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 earnings per share.

Several equities research analysts recently issued reports on CMP shares. Stifel Nicolaus reiterated a “buy” rating and issued a $84.00 target price on shares of Compass Minerals International in a research note on Thursday, September 21st. Monness Crespi & Hardt upgraded shares of 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, October 2nd. BidaskClub upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Zacks Investment Research upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Finally, Credit Suisse Group set a $63.00 target price on shares of Compass Minerals International and gave the company a “hold” rating in a research note on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $73.60.

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Institutional investors have recently added to or reduced their stakes in the business. Bruderman Asset Management LLC bought a new position in Compass Minerals International in the 2nd quarter valued at about $146,000. LS Investment Advisors LLC raised its holdings in Compass Minerals International by 20.3% in the 2nd quarter. LS Investment Advisors LLC now owns 2,786 shares of the basic materials company’s stock valued at $182,000 after acquiring an additional 470 shares during the period. Raymond James Financial Services Advisors Inc. bought a new position in Compass Minerals International in the 2nd quarter valued at about $206,000. Legg Mason Asset Management Japan Co. Ltd. bought a new position in Compass Minerals International in the 2nd quarter valued at about $229,000. Finally, CFO4Life Group LLC raised its holdings in Compass Minerals International by 20.1% in the 2nd quarter. CFO4Life Group LLC now owns 3,593 shares of the basic materials company’s stock valued at $235,000 after acquiring an additional 602 shares during the period.

Compass Minerals International (NYSE:CMP) opened at 65.35 on Monday. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 18.26 and a beta of 0.44. Compass Minerals International has a 1-year low of $59.72 and a 1-year high of $84.40. The stock has a 50 day moving average price of $66.64 and a 200-day moving average price of $66.61.

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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Earnings History and Estimates for Compass Minerals International (NYSE:CMP)

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