Analysts predict that Compass Minerals International, Inc. (NYSE:CMP) will post sales of $499.70 million for the current quarter, according to Zacks. Two analysts have issued estimates for Compass Minerals International’s earnings, with estimates ranging from $498.70 million to $500.70 million. Compass Minerals International reported sales of $457.90 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.1%. The company is expected to announce its next earnings results on Tuesday, February 12th.

According to Zacks, analysts expect that Compass Minerals International will report full-year sales of $1.51 billion for the current year, with estimates ranging from $1.51 billion to $1.52 billion. For the next fiscal year, analysts anticipate that the company will report sales of $1.62 billion, with estimates ranging from $1.58 billion to $1.68 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Compass Minerals International.

Compass Minerals International (NYSE:CMP) last issued its earnings results on Wednesday, October 31st. The basic materials company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.03). The business had revenue of $322.50 million for the quarter, compared to analyst estimates of $316.49 million. Compass Minerals International had a return on equity of 12.10% and a net margin of 0.91%. Compass Minerals International’s revenue was up 10.9% on a year-over-year basis. During the same period last year, the business posted $0.65 EPS.

CMP has been the topic of several research analyst reports. Monness Crespi & Hardt cut their price target on Compass Minerals International from $76.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. ValuEngine raised Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. Zacks Investment Research raised Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Friday, October 26th. BMO Capital Markets cut their price target on Compass Minerals International from $70.00 to $65.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 24th. Finally, Credit Suisse Group set a $49.00 price target on Compass Minerals International and gave the stock a “sell” rating in a research report on Friday, November 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $65.00.

CMP traded down $0.16 during trading on Friday, hitting $48.73. 15,426 shares of the stock were exchanged, compared to its average volume of 641,882. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 17.60 and a beta of 1.05. Compass Minerals International has a 1-year low of $45.25 and a 1-year high of $76.65. The company has a quick ratio of 1.32, a current ratio of 2.55 and a debt-to-equity ratio of 2.47.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be paid a $0.72 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $2.88 annualized dividend and a dividend yield of 5.91%. Compass Minerals International’s dividend payout ratio (DPR) is currently 104.73%.

Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in shares of Compass Minerals International by 1.7% in the third quarter. BlackRock Inc. now owns 3,888,620 shares of the basic materials company’s stock valued at $261,316,000 after buying an additional 66,848 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Compass Minerals International by 31.7% in the third quarter. Janus Henderson Group PLC now owns 1,058,848 shares of the basic materials company’s stock valued at $71,155,000 after buying an additional 254,841 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Compass Minerals International by 45.0% in the third quarter. Bank of New York Mellon Corp now owns 916,386 shares of the basic materials company’s stock valued at $61,581,000 after buying an additional 284,358 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Compass Minerals International by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 889,440 shares of the basic materials company’s stock valued at $59,769,000 after buying an additional 2,510 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Compass Minerals International by 4.4% in the third quarter. Wells Fargo & Company MN now owns 641,834 shares of the basic materials company’s stock valued at $43,131,000 after buying an additional 27,014 shares in the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.

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 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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