Brokerages Expect Compass Minerals International, Inc. (CMP) to Post $1.49 Earnings Per Share

Wall Street brokerages expect Compass Minerals International, Inc. (NYSE:CMP) to announce earnings of $1.49 per share for the current quarter, according to Zacks. Two analysts have made estimates for Compass Minerals International’s earnings. The lowest EPS estimate is $1.42 and the highest is $1.55. Compass Minerals International reported earnings of $1.35 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 10.4%. The firm is expected to report its next earnings report on Wednesday, February 14th.

On average, analysts expect that Compass Minerals International will report full-year earnings of $2.56 per share for the current financial year, with EPS estimates ranging from $2.51 to $2.60. For the next financial year, analysts expect that the company will post earnings of $3.73 per share, with EPS estimates ranging from $3.20 to $4.22. 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 issued its earnings results on Monday, October 30th. The basic materials company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.20). Compass Minerals International had a return on equity of 11.52% and a net margin of 10.72%. The firm had revenue of $290.70 million during the quarter, compared to the consensus estimate of $323.76 million. During the same period in the prior year, the company posted $0.27 EPS. The company’s quarterly revenue was up 61.9% on a year-over-year basis.

Several research analysts have commented on CMP shares. Stifel Nicolaus reissued a “buy” rating and set a $84.00 price objective on shares of Compass Minerals International in a report on Thursday, September 21st. JPMorgan Chase & Co. raised shares of Compass Minerals International from a “neutral” rating to an “overweight” rating and set a $70.00 price objective for the company in a report on Monday, September 25th. Monness Crespi & Hardt raised shares of Compass Minerals International from a “neutral” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Monday, October 2nd. Zacks Investment Research downgraded shares of Compass Minerals International from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Finally, TheStreet raised shares of Compass Minerals International from a “c+” rating to a “b” rating in a report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $73.60.

Large investors have recently made changes to their positions in the stock. Griffin Asset Management Inc. bought a new position in shares of Compass Minerals International in the 3rd quarter valued at about $1,298,000. Victory Capital Management Inc. lifted its holdings in shares of Compass Minerals International by 6.4% in the 3rd quarter. Victory Capital Management Inc. now owns 729,200 shares of the basic materials company’s stock valued at $47,325,000 after acquiring an additional 43,765 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its holdings in shares of Compass Minerals International by 3.8% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 274,360 shares of the basic materials company’s stock valued at $17,806,000 after acquiring an additional 10,050 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Compass Minerals International by 50.0% in the 2nd quarter. Royal Bank of Canada now owns 82,006 shares of the basic materials company’s stock valued at $5,355,000 after acquiring an additional 27,348 shares during the last quarter. Finally, BB&T Securities LLC lifted its holdings in shares of Compass Minerals International by 8.8% in the 3rd quarter. BB&T Securities LLC now owns 222,417 shares of the basic materials company’s stock valued at $14,434,000 after acquiring an additional 17,899 shares during the last quarter.

Compass Minerals International (CMP) traded down $0.25 on Friday, hitting $73.30. 416,100 shares of the company’s stock traded hands, compared to its average volume of 342,458. Compass Minerals International has a twelve month low of $59.72 and a twelve month high of $84.40. The company has a market cap of $2,510.00, a P/E ratio of 17.25 and a beta of 0.51. The company has a debt-to-equity ratio of 1.70, a current ratio of 2.52 and a quick ratio of 1.18.

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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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