Wall Street analysts expect that Compass Minerals International, Inc. (NYSE:CMP – Get Rating) will post $212.32 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Compass Minerals International’s earnings. The lowest sales estimate is $207.90 million and the highest is $214.70 million. Compass Minerals International posted sales of $199.40 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.5%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Compass Minerals International will report full-year sales of $1.20 billion for the current year, with estimates ranging from $1.19 billion to $1.22 billion. For the next year, analysts forecast that the firm will report sales of $1.26 billion, with estimates ranging from $1.19 billion to $1.35 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Compass Minerals International.
Compass Minerals International (NYSE:CMP – Get Rating) last posted its earnings results on Thursday, May 5th. The basic materials company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.60). Compass Minerals International had a positive return on equity of 1.42% and a negative net margin of 0.72%. The firm had revenue of $448.50 million for the quarter, compared to analyst estimates of $422.32 million. During the same period in the prior year, the business posted $0.95 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year.
A number of institutional investors have recently added to or reduced their stakes in the business. Exchange Capital Management Inc. boosted its holdings in Compass Minerals International by 0.5% in the first quarter. Exchange Capital Management Inc. now owns 38,036 shares of the basic materials company’s stock valued at $2,388,000 after acquiring an additional 188 shares during the last quarter. Concord Wealth Partners boosted its holdings in Compass Minerals International by 13.8% in the fourth quarter. Concord Wealth Partners now owns 1,828 shares of the basic materials company’s stock valued at $93,000 after acquiring an additional 222 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Compass Minerals International by 10.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,574 shares of the basic materials company’s stock valued at $131,000 after acquiring an additional 253 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Compass Minerals International by 2.7% in the first quarter. Private Advisor Group LLC now owns 10,615 shares of the basic materials company’s stock valued at $667,000 after acquiring an additional 284 shares during the last quarter. Finally, Synovus Financial Corp boosted its holdings in Compass Minerals International by 3.4% in the third quarter. Synovus Financial Corp now owns 8,864 shares of the basic materials company’s stock valued at $572,000 after acquiring an additional 294 shares during the last quarter. Hedge funds and other institutional investors own 94.99% of the company’s stock.
Shares of CMP traded up $1.97 during midday trading on Monday, reaching $43.20. 326,349 shares of the stock were exchanged, compared to its average volume of 297,304. Compass Minerals International has a twelve month low of $40.20 and a twelve month high of $75.44. The company has a quick ratio of 1.39, a current ratio of 2.33 and a debt-to-equity ratio of 3.22. The company has a market cap of $1.47 billion, a P/E ratio of -139.35 and a beta of 1.43. The stock’s 50 day simple moving average is $59.90 and its 200 day simple moving average is $57.39.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 21st. Shareholders of record on Thursday, March 10th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Wednesday, March 9th. Compass Minerals International’s dividend payout ratio is presently -193.54%.
Compass Minerals International Company Profile (Get Rating)
Compass Minerals International, Inc, produces and sells essential minerals primarily in the United States, Canada, Brazil, the United Kingdom, and internationally. It operates through 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.
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