Wall Street brokerages expect Compass Minerals International, Inc. (NYSE:CMP) to post $357.02 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Compass Minerals International’s earnings, with estimates ranging from $342.03 million to $373.00 million. Compass Minerals International posted sales of $322.50 million in the same quarter last year, which would indicate a positive year over year growth rate of 10.7%. The company is expected to report its next earnings report on Wednesday, October 30th.
According to Zacks, analysts expect that Compass Minerals International will report full year sales of $1.55 billion for the current year, with estimates ranging from $1.53 billion to $1.56 billion. For the next financial year, analysts expect that the firm will report sales of $1.69 billion, with estimates ranging from $1.64 billion to $1.75 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Compass Minerals International.
Compass Minerals International (NYSE:CMP) last issued its earnings results on Tuesday, August 6th. The basic materials company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.13). Compass Minerals International had a return on equity of 11.01% and a net margin of 4.09%. The firm had revenue of $245.20 million for the quarter, compared to analysts’ expectations of $250.99 million. During the same period last year, the firm earned ($0.23) earnings per share. Compass Minerals International’s revenue for the quarter was down .6% on a year-over-year basis.
In other Compass Minerals International news, insider Kevin S. Crutchfield acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was purchased at an average price of $49.46 per share, for a total transaction of $98,920.00. Following the completion of the acquisition, the insider now owns 2,000 shares of the company’s stock, valued at approximately $98,920. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Keeley Teton Advisors LLC grew its holdings in shares of Compass Minerals International by 0.7% in the first quarter. Keeley Teton Advisors LLC now owns 27,701 shares of the basic materials company’s stock valued at $1,506,000 after purchasing an additional 192 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Compass Minerals International by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,706 shares of the basic materials company’s stock worth $753,000 after acquiring an additional 194 shares in the last quarter. NEXT Financial Group Inc grew its holdings in Compass Minerals International by 10.8% during the 2nd quarter. NEXT Financial Group Inc now owns 2,057 shares of the basic materials company’s stock worth $113,000 after acquiring an additional 200 shares in the last quarter. ETF Managers Group LLC grew its holdings in Compass Minerals International by 9.2% during the 1st quarter. ETF Managers Group LLC now owns 2,434 shares of the basic materials company’s stock worth $132,000 after acquiring an additional 205 shares in the last quarter. Finally, Retirement Systems of Alabama grew its holdings in Compass Minerals International by 0.5% during the 1st quarter. Retirement Systems of Alabama now owns 44,097 shares of the basic materials company’s stock worth $2,398,000 after acquiring an additional 207 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.
Shares of CMP traded down $1.91 during trading on Monday, reaching $48.39. 288,440 shares of the company traded hands, compared to its average volume of 339,749. Compass Minerals International has a twelve month low of $38.19 and a twelve month high of $70.40. The stock has a market cap of $1.64 billion, a PE ratio of 25.07 and a beta of 1.33. The stock has a 50-day simple moving average of $53.46 and a 200-day simple moving average of $54.16. The company has a quick ratio of 1.14, a current ratio of 2.26 and a debt-to-equity ratio of 2.44.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date of this dividend is Thursday, August 29th. Compass Minerals International’s dividend payout ratio is presently 149.22%.
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 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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