Brokerages Anticipate Compass Minerals (CMP) Will Announce Quarterly Sales of $417.90 Million

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.

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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.

Several equities analysts have recently weighed in on CMP shares. Zacks Investment Research lowered shares of Compass Minerals from a “hold” rating to a “sell” rating in a report on Monday, January 29th. Credit Suisse Group lowered shares of Compass Minerals from a “neutral” rating to an “underperform” rating and lifted their target price for the company from $59.72 to $60.00 in a report on Wednesday, February 14th. TheStreet lowered shares of Compass Minerals from a “b” rating to a “c+” rating in a report on Tuesday, February 13th. Stephens started coverage on shares of Compass Minerals in a report on Monday, April 2nd. They set an “overweight” rating and a $74.00 target price for the company. Finally, ValuEngine lowered shares of Compass Minerals from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $71.50.

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.

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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.

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