Oppenheimer Has Perform On Compass Minerals (CMP)

Oppenheimer & Co. has a Perform rating on Compass Minerals CMP. In a note sent to clients, Oppenheimer writes, "Today, CMP pre-announced 4Q10 highway deicing sales volume of 3,284,000 tons, 16% below our previous estimate. Compared to sales of 3,127,000 tons in 4Q09, volumes increased 5.0%, but 4Q09 volume was 24.7% below 4Q08's on a relatively mild winter. Pricing was not reported but we adjust our model for the lower volume, which brings down our 4Q10E EPS by 9% to $1.78. We are not changing our '11E EPS of $5.56, which is 3% below First Call consensus." Shares of CMP lost 41 cents yesterday to close at $89.61.