Equities analysts forecast that Compass Minerals International, Inc. (NYSE:CMP) will announce earnings of $0.67 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Compass Minerals International’s earnings, with estimates ranging from $0.61 to $0.73. Compass Minerals International reported earnings of $0.22 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 204.5%. The firm is expected to report its next quarterly earnings report on Tuesday, May 5th.

On average, analysts expect that Compass Minerals International will report full-year earnings of $3.44 per share for the current financial year, with EPS estimates ranging from $3.20 to $3.89. For the next fiscal year, analysts anticipate that the company will post earnings of $3.95 per share, with EPS estimates ranging from $3.75 to $4.15. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Compass Minerals International.

Compass Minerals International (NYSE:CMP) last posted its quarterly earnings results on Monday, February 10th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.25). Compass Minerals International had a net margin of 4.19% and a return on equity of 12.93%. The company had revenue of $500.30 million during the quarter, compared to analyst estimates of $521.09 million. During the same period in the prior year, the company earned $1.41 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis.

CMP has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Compass Minerals International from a “hold” rating to a “sell” rating in a research report on Tuesday, January 7th. BMO Capital Markets increased their price target on shares of Compass Minerals International from $55.00 to $60.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 12th. They noted that the move was a valuation call. Credit Suisse Group lifted their price target on Compass Minerals International from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. TheStreet upgraded Compass Minerals International from a “c+” rating to a “b-” rating in a research note on Monday, February 10th. Finally, Monness Crespi & Hardt boosted their price objective on Compass Minerals International from $63.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Compass Minerals International has a consensus rating of “Hold” and a consensus price target of $63.00.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC increased its stake in Compass Minerals International by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 445,508 shares of the basic materials company’s stock valued at $27,158,000 after purchasing an additional 12,591 shares during the last quarter. Mason Street Advisors LLC lifted its position in shares of Compass Minerals International by 1.4% in the 4th quarter. Mason Street Advisors LLC now owns 18,022 shares of the basic materials company’s stock worth $1,099,000 after buying an additional 252 shares during the last quarter. ERTS Wealth Advisors LLC bought a new position in shares of Compass Minerals International in the 4th quarter worth about $92,000. Profund Advisors LLC acquired a new position in shares of Compass Minerals International in the 4th quarter valued at about $205,000. Finally, Baird Financial Group Inc. boosted its holdings in shares of Compass Minerals International by 10.6% in the 4th quarter. Baird Financial Group Inc. now owns 72,235 shares of the basic materials company’s stock valued at $4,403,000 after buying an additional 6,906 shares during the period. Hedge funds and other institutional investors own 93.59% of the company’s stock.

CMP stock traded down $0.41 during mid-day trading on Friday, hitting $62.98. 213,200 shares of the company were exchanged, compared to its average volume of 294,265. The company has a market capitalization of $2.16 billion, a PE ratio of 34.99 and a beta of 1.41. The company has a current ratio of 2.66, a quick ratio of 1.60 and a debt-to-equity ratio of 2.58. Compass Minerals International has a twelve month low of $47.51 and a twelve month high of $66.14. The firm has a fifty day simple moving average of $59.88 and a 200 day simple moving average of $56.37.

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 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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