Brokerages expect Compass Minerals (NYSE:CMP) to report sales of $417.90 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Compass Minerals’ earnings. The highest sales estimate is $437.89 million and the lowest is $397.90 million. Compass Minerals posted sales of $387.80 million during the same quarter last year, which suggests a positive year over year growth rate of 7.8%. The company is scheduled to report its next quarterly earnings results after the market closes on Tuesday, May 1st.
On average, analysts expect that Compass Minerals will report full-year sales of $1.51 billion for the current fiscal year, with estimates ranging from $1.46 billion to $1.56 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $1.59 billion per share, with estimates ranging from $1.56 billion to $1.62 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Compass Minerals.
Compass Minerals (NYSE:CMP) last announced its quarterly earnings data on Tuesday, February 13th. The basic materials company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.37 by $0.29. Compass Minerals had a net margin of 3.13% and a return on equity of 13.02%. The business had revenue of $457.90 million during the quarter, compared to analysts’ expectations of $468.52 million.
Shares of NYSE:CMP traded up $0.35 during trading on Monday, hitting $67.70. 242,710 shares of the stock traded hands, compared to its average volume of 310,633. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.75 and a quick ratio of 1.67. The firm has a market cap of $2,278.57, a price-to-earnings ratio of 24.62 and a beta of 0.64. Compass Minerals has a 52-week low of $56.50 and a 52-week high of $76.65.
In related news, insider Francis Joseph Malecha sold 1,572 shares of the business’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $63.21, for a total value of $99,366.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Steven N. Berger purchased 750 shares of the business’s stock in a transaction that occurred on Wednesday, March 28th. The stock was bought at an average cost of $59.35 per share, with a total value of $44,512.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 2,229 shares of company stock valued at $140,895. Insiders own 0.94% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of CMP. SeaCrest Wealth Management LLC purchased a new stake in Compass Minerals in the 4th quarter worth $103,000. First PREMIER Bank purchased a new stake in Compass Minerals in the 4th quarter worth $115,000. CoreCommodity Management LLC purchased a new stake in Compass Minerals in the 4th quarter worth $167,000. Verity Asset Management Inc. purchased a new stake in Compass Minerals in the 4th quarter worth $205,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in Compass Minerals in the 4th quarter worth $218,000.
ILLEGAL ACTIVITY WARNING: “Brokerages Anticipate Compass Minerals (CMP) Will Announce Quarterly Sales of $417.90 Million” was first published by Week Herald and is the sole property of of Week Herald. If you are viewing this story on another publication, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be viewed at https://weekherald.com/2018/04/21/brokerages-anticipate-compass-minerals-cmp-will-announce-quarterly-sales-of-417-90-million.html.
About Compass Minerals
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Compass Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compass Minerals and related companies with MarketBeat.com's FREE daily email newsletter.