Compass Minerals International (NYSE:CMP) Announces Earnings Results

Compass Minerals International (NYSE:CMP) posted its earnings results on Wednesday. The basic materials company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.08), FiscalAI reports. Compass Minerals International had a return on equity of 8.99% and a net margin of 0.55%.The firm had revenue of $215.30 million during the quarter, compared to the consensus estimate of $207.75 million. During the same quarter last year, the company posted ($0.39) EPS. Compass Minerals International’s revenue for the quarter was up .3% on a year-over-year basis.

Compass Minerals International Trading Up 0.5%

Shares of CMP stock traded up $0.15 during trading hours on Wednesday, reaching $29.96. 475,901 shares of the stock traded hands, compared to its average volume of 341,559. The business has a fifty day moving average price of $30.16 and a 200 day moving average price of $26.87. Compass Minerals International has a 1-year low of $16.40 and a 1-year high of $34.50. The company has a quick ratio of 1.34, a current ratio of 2.06 and a debt-to-equity ratio of 2.60. The firm has a market capitalization of $1.26 billion, a PE ratio of 199.75 and a beta of 1.23.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Zacks Research lowered Compass Minerals International from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Wall Street Zen downgraded shares of Compass Minerals International from a “buy” rating to a “hold” rating in a research report on Sunday. Compass Point set a $30.00 price objective on shares of Compass Minerals International in a research note on Thursday, May 14th. Weiss Ratings raised shares of Compass Minerals International from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, June 18th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Compass Minerals International in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $28.80.

Institutional Trading of Compass Minerals International

A number of institutional investors and hedge funds have recently modified their holdings of the company. XTX Topco Ltd bought a new position in Compass Minerals International in the 4th quarter valued at $628,000. Gotham Asset Management LLC raised its position in shares of Compass Minerals International by 19.4% during the fourth quarter. Gotham Asset Management LLC now owns 64,840 shares of the basic materials company’s stock worth $1,273,000 after acquiring an additional 10,537 shares during the last quarter. Concentric Capital Strategies LP acquired a new position in shares of Compass Minerals International during the fourth quarter valued at $1,288,000. Balyasny Asset Management L.P. bought a new position in Compass Minerals International in the fourth quarter valued at about $290,000. Finally, Gumshoe Capital Management LLC bought a new position in Compass Minerals International in the fourth quarter valued at about $24,842,000. 99.78% of the stock is currently owned by institutional investors.

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.