Zacks: Brokerages Expect Compass Minerals International, Inc. (CMP) to Announce $0.80 EPS

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Brokerages predict that Compass Minerals International, Inc. (NYSE:CMP) will post earnings of $0.80 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Compass Minerals International’s earnings, with the lowest EPS estimate coming in at $0.76 and the highest estimate coming in at $0.84. Compass Minerals International posted earnings of $0.65 per share during the same quarter last year, which suggests a positive year over year growth rate of 23.1%. The firm is scheduled to announce its next quarterly earnings report on Monday, October 29th.

According to Zacks, analysts expect that Compass Minerals International will report full-year earnings of $2.83 per share for the current financial year, with EPS estimates ranging from $2.75 to $2.95. For the next fiscal year, analysts anticipate that the business will report earnings of $4.12 per share, with EPS estimates ranging from $3.60 to $4.65. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Compass Minerals International.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings data on Monday, August 6th. The basic materials company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.09). Compass Minerals International had a net margin of 2.27% and a return on equity of 12.50%. The company had revenue of $246.70 million for the quarter, compared to analysts’ expectations of $243.24 million. During the same quarter last year, the company earned ($0.19) earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis.

Separately, ValuEngine upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $71.50.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Compass Minerals International by 5.3% in the second quarter. BlackRock Inc. now owns 3,821,772 shares of the basic materials company’s stock worth $251,282,000 after buying an additional 192,308 shares during the period. OppenheimerFunds Inc. raised its holdings in shares of Compass Minerals International by 0.9% in the first quarter. OppenheimerFunds Inc. now owns 1,929,411 shares of the basic materials company’s stock worth $116,344,000 after buying an additional 16,748 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Compass Minerals International by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 886,930 shares of the basic materials company’s stock worth $58,315,000 after buying an additional 15,790 shares during the period. Epoch Investment Partners Inc. raised its holdings in shares of Compass Minerals International by 3.2% in the first quarter. Epoch Investment Partners Inc. now owns 652,534 shares of the basic materials company’s stock worth $39,348,000 after buying an additional 19,999 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of Compass Minerals International by 6.6% in the second quarter. Wells Fargo & Company MN now owns 614,820 shares of the basic materials company’s stock worth $40,424,000 after buying an additional 38,024 shares during the period. Hedge funds and other institutional investors own 96.25% of the company’s stock.

CMP stock traded up $0.55 during midday trading on Friday, reaching $70.25. 4,697 shares of the company traded hands, compared to its average volume of 242,271. Compass Minerals International has a 52-week low of $56.50 and a 52-week high of $76.65. The company has a debt-to-equity ratio of 2.28, a current ratio of 2.66 and a quick ratio of 1.46. The company has a market cap of $2.30 billion, a PE ratio of 25.45 and a beta of 0.68.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 17th. Stockholders of record on Friday, August 31st were issued a $0.72 dividend. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $2.88 annualized dividend and a dividend yield of 4.10%. Compass Minerals International’s payout ratio is 104.73%.

Compass Minerals International Company Profile

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 in 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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