Compass Minerals International (NYSE:CMP) Posts Earnings Results, Beats Estimates By $0.32 EPS

Compass Minerals International (NYSE:CMP) posted its quarterly earnings results on Wednesday. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.32, FiscalAI reports. Compass Minerals International had a negative net margin of 6.42% and a negative return on equity of 8.22%.

Compass Minerals International Stock Down 2.7%

Compass Minerals International stock traded down $0.70 during mid-day trading on Wednesday, hitting $25.59. 429,013 shares of the company’s stock were exchanged, compared to its average volume of 458,344. Compass Minerals International has a 1-year low of $8.60 and a 1-year high of $27.00. The stock has a 50 day moving average of $21.31 and a two-hundred day moving average of $19.70. The company has a current ratio of 2.15, a quick ratio of 0.98 and a debt-to-equity ratio of 3.55. The stock has a market cap of $1.07 billion, a P/E ratio of -13.33 and a beta of 1.17.

Hedge Funds Weigh In On Compass Minerals International

Institutional investors have recently modified their holdings of the company. Headlands Technologies LLC bought a new position in Compass Minerals International in the 2nd quarter worth $83,000. Vestcor Inc bought a new position in shares of Compass Minerals International in the third quarter worth about $158,000. Tower Research Capital LLC TRC increased its stake in shares of Compass Minerals International by 1,450.2% in the second quarter. Tower Research Capital LLC TRC now owns 10,402 shares of the basic materials company’s stock worth $209,000 after purchasing an additional 9,731 shares during the period. PDT Partners LLC acquired a new position in shares of Compass Minerals International during the 2nd quarter worth about $234,000. Finally, New York State Common Retirement Fund boosted its stake in Compass Minerals International by 73.7% during the 2nd quarter. New York State Common Retirement Fund now owns 12,489 shares of the basic materials company’s stock valued at $251,000 after purchasing an additional 5,300 shares during the period. Institutional investors own 99.78% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on CMP shares. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Compass Minerals International from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Compass Minerals International in a report on Wednesday, January 21st. Loop Capital set a $24.00 price objective on Compass Minerals International in a report on Tuesday, December 30th. BMO Capital Markets lifted their price objective on Compass Minerals International from $20.00 to $25.00 and gave the company a “market perform” rating in a research report on Monday, January 5th. Finally, Zacks Research raised Compass Minerals International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $22.00.

Compass Minerals International Company Profile

Compass Minerals International, Inc is a global producer of essential mineral-based products, primarily known for its salt and plant nutrition portfolios. The company’s deicing salts are used by municipalities and commercial customers across North America to maintain safer roadways in winter months. In addition, its water conditioning salts serve both residential and industrial users, supporting water treatment systems that remove hard minerals to protect plumbing and equipment.

Beyond conventional salt products, Compass Minerals has developed a specialty plant nutrition business focused on sulfate of potash (SOP), a premium fertilizer that provides both potassium and sulfur to crops.