Compass Minerals International, Inc. (NYSE:CMP)’s share price shot up 5.5% on Wednesday . The stock traded as high as $56.87 and last traded at $56.82, 391,660 shares were traded during trading. An increase of 18% from the average session volume of 332,876 shares. The stock had previously closed at $53.84.
A number of research firms have recently issued reports on CMP. Deutsche Bank dropped their price target on Compass Minerals International from $60.00 to $55.00 and set a “hold” rating for the company in a research report on Tuesday, August 13th. Zacks Investment Research downgraded Compass Minerals International from a “hold” rating to a “sell” rating in a research report on Monday, August 26th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $57.21.
The firm’s 50-day moving average price is $52.14 and its two-hundred day moving average price is $53.90. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.14 and a current ratio of 2.26. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 29.44 and a beta of 1.35.
Compass Minerals International (NYSE:CMP) last announced its quarterly earnings data on Tuesday, August 6th. The basic materials company reported ($0.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.13). Compass Minerals International had a net margin of 4.09% and a return on equity of 11.01%. The firm had revenue of $245.20 million during the quarter, compared to analysts’ expectations of $250.99 million. During the same period in the prior year, the company posted ($0.23) EPS. The company’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, sell-side analysts expect that Compass Minerals International, Inc. will post 2.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.72 dividend. The ex-dividend date is Thursday, August 29th. This represents a $2.88 annualized dividend and a yield of 5.07%. Compass Minerals International’s payout ratio is 149.22%.
In other news, insider Kevin S. Crutchfield purchased 2,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was acquired at an average price of $49.46 per share, with a total value of $98,920.00. Following the purchase, the insider now directly owns 2,000 shares in the company, valued at approximately $98,920. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.60% of the company’s stock.
A number of large investors have recently bought and sold shares of CMP. Steward Partners Investment Advisory LLC purchased a new position in shares of Compass Minerals International during the 2nd quarter worth $38,000. Squar Milner Financial Services LLC purchased a new stake in Compass Minerals International in the 2nd quarter valued at about $60,000. FinTrust Capital Advisors LLC acquired a new position in Compass Minerals International in the first quarter valued at about $67,000. HM Payson & Co. acquired a new position in Compass Minerals International in the second quarter valued at about $71,000. Finally, Clear Perspective Advisors LLC acquired a new position in Compass Minerals International in the second quarter valued at about $73,000. Institutional investors own 95.61% of the company’s stock.
About Compass Minerals International (NYSE:CMP)
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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