$1.88 Earnings Per Share Expected for Compass Minerals International, Inc. (NYSE:CMP) This Quarter

Brokerages expect Compass Minerals International, Inc. (NYSE:CMP) to report earnings per share (EPS) of $1.88 for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Compass Minerals International’s earnings. The lowest EPS estimate is $1.70 and the highest is $1.98. Compass Minerals International reported earnings of $1.41 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 33.3%. The firm is expected to announce its next earnings results after the market closes on Monday, February 10th.

On average, analysts expect that Compass Minerals International will report full year earnings of $2.27 per share for the current financial year, with EPS estimates ranging from $2.25 to $2.28. For the next fiscal year, analysts forecast that the firm will report earnings of $3.91 per share, with EPS estimates ranging from $3.60 to $4.19. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Compass Minerals International.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.37). The business had revenue of $341.30 million for the quarter, compared to analysts’ expectations of $351.89 million. Compass Minerals International had a return on equity of 11.29% and a net margin of 3.89%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the company earned $0.37 earnings per share.

A number of analysts have issued reports on CMP shares. Zacks Investment Research lowered shares of Compass Minerals International from a “hold” rating to a “sell” rating in a research note on Tuesday, January 7th. ValuEngine lowered shares of Compass Minerals International from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st. CL King started coverage on shares of Compass Minerals International in a research note on Monday, January 6th. They set a “buy” rating on the stock. Finally, BMO Capital Markets cut their target price on shares of Compass Minerals International to $55.00 and set a “market perform” rating on the stock in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $58.33.

Hedge funds have recently added to or reduced their stakes in the stock. State of Michigan Retirement System lifted its holdings in shares of Compass Minerals International by 2.0% during the fourth quarter. State of Michigan Retirement System now owns 10,000 shares of the basic materials company’s stock worth $610,000 after purchasing an additional 200 shares during the period. Ironsides Asset Advisors LLC lifted its holdings in shares of Compass Minerals International by 101.0% during the fourth quarter. Ironsides Asset Advisors LLC now owns 12,220 shares of the basic materials company’s stock worth $745,000 after purchasing an additional 6,140 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Compass Minerals International by 37.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,769 shares of the basic materials company’s stock worth $169,000 after purchasing an additional 751 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Compass Minerals International by 13.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 35,099 shares of the basic materials company’s stock worth $2,140,000 after purchasing an additional 4,127 shares during the period. Finally, Beacon Financial Group lifted its holdings in shares of Compass Minerals International by 0.4% during the fourth quarter. Beacon Financial Group now owns 67,027 shares of the basic materials company’s stock worth $4,086,000 after purchasing an additional 278 shares during the period. Hedge funds and other institutional investors own 92.31% of the company’s stock.

Shares of NYSE:CMP opened at $58.23 on Thursday. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.50 and a quick ratio of 1.29. The firm has a market capitalization of $1.99 billion, a PE ratio of 34.87 and a beta of 1.36. The firm’s 50-day moving average is $58.96 and its two-hundred day moving average is $55.64. Compass Minerals International has a 1 year low of $47.31 and a 1 year high of $61.60.

About Compass Minerals International

Compass Minerals International, Inc, produces and sells salt, and specialty plant nutrition and chemical products primarily in the United States, Canada, Brazil, and the United Kingdom. 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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