Compass Minerals International (NYSE:CMP) Hits New 12-Month Low at $13.03

Compass Minerals International, Inc. (NYSE:CMP) hit a new 52-week low during trading on Monday . The stock traded as low as $13.03 and last traded at $13.15, with a volume of 64320 shares. The stock had previously closed at $13.46.

Wall Street Analysts Forecast Growth

CMP has been the topic of several analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Compass Minerals International from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, February 9th. Loop Capital downgraded shares of Compass Minerals International from a “buy” rating to a “hold” rating and decreased their target price for the stock from $29.00 to $26.00 in a research note on Monday, March 4th. BMO Capital Markets decreased their target price on shares of Compass Minerals International from $25.00 to $20.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 26th. Finally, Stifel Nicolaus cut their price target on shares of Compass Minerals International from $75.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $34.40.

Compass Minerals International Trading Down 0.2 %

The firm has a market cap of $545.71 million, a P/E ratio of -9.04, a PEG ratio of 2.03 and a beta of 1.13. The firm’s fifty day moving average is $18.16 and its two-hundred day moving average is $22.13. The company has a quick ratio of 1.15, a current ratio of 3.07 and a debt-to-equity ratio of 1.98.

Compass Minerals International (NYSE:CMP) last announced its earnings results on Wednesday, February 7th. The basic materials company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.19). The business had revenue of $341.70 million for the quarter, compared to the consensus estimate of $352.84 million. Compass Minerals International had a negative net margin of 4.97% and a positive return on equity of 4.56%. The business’s revenue was down 3.0% on a year-over-year basis. Analysts predict that Compass Minerals International, Inc. will post 0.11 earnings per share for the current fiscal year.

Compass Minerals International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 11th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date of this dividend was Friday, March 8th. Compass Minerals International’s dividend payout ratio (DPR) is -41.10%.

Hedge Funds Weigh In On Compass Minerals International

A number of hedge funds have recently bought and sold shares of the business. Alpha Omega Wealth Management LLC increased its position in shares of Compass Minerals International by 257.2% during the 1st quarter. Alpha Omega Wealth Management LLC now owns 43,071 shares of the basic materials company’s stock valued at $678,000 after purchasing an additional 31,012 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in Compass Minerals International in the 1st quarter worth approximately $289,000. PNC Financial Services Group Inc. increased its holdings in Compass Minerals International by 117.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,391 shares of the basic materials company’s stock worth $111,000 after acquiring an additional 2,376 shares in the last quarter. Wellington Management Group LLP increased its holdings in Compass Minerals International by 16.1% in the 4th quarter. Wellington Management Group LLP now owns 140,097 shares of the basic materials company’s stock worth $3,547,000 after acquiring an additional 19,455 shares in the last quarter. Finally, Penn Capital Management Company LLC increased its holdings in Compass Minerals International by 91.6% in the 4th quarter. Penn Capital Management Company LLC now owns 100,975 shares of the basic materials company’s stock worth $2,557,000 after acquiring an additional 48,272 shares in the last quarter. Hedge funds and other institutional investors own 99.78% of the company’s stock.

Compass Minerals International Company Profile

Compass Minerals International, Inc, provides essential minerals in the United States, Canada, the United Kingdom, and internationally. It operates through two segments, Salt and Plant Nutrition. The Salt segment produces, markets, and sells 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 sodium chloride to produce specialty products.