Compass Minerals International (NYSE:CMP) Issues Earnings Results

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

Compass Minerals International Stock Down 2.7%

NYSE CMP traded down $0.70 during trading hours on Wednesday, reaching $25.59. 429,013 shares of the company traded hands, compared to its average volume of 458,344. The stock has a market capitalization of $1.07 billion, a PE ratio of -13.33 and a beta of 1.17. The company has a current ratio of 2.15, a quick ratio of 0.98 and a debt-to-equity ratio of 3.55. Compass Minerals International has a 12 month low of $8.60 and a 12 month high of $27.00. The company has a 50 day moving average of $21.31 and a two-hundred day moving average of $19.70.

Hedge Funds Weigh In On Compass Minerals International

Large investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Compass Minerals International by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,665 shares of the basic materials company’s stock valued at $192,000 after buying an additional 858 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Compass Minerals International by 8.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 20,070 shares of the basic materials company’s stock worth $403,000 after acquiring an additional 1,555 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Compass Minerals International in the 2nd quarter valued at approximately $83,000. Royal Bank of Canada increased its holdings in shares of Compass Minerals International by 10.5% in the 1st quarter. Royal Bank of Canada now owns 49,928 shares of the basic materials company’s stock valued at $464,000 after acquiring an additional 4,740 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of Compass Minerals International by 4.3% during the 2nd quarter. Raymond James Financial Inc. now owns 127,751 shares of the basic materials company’s stock valued at $2,567,000 after acquiring an additional 5,241 shares in the last quarter. Institutional investors own 99.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CMP shares. BMO Capital Markets raised their target price on shares of Compass Minerals International from $20.00 to $25.00 and gave the company a “market perform” rating in a research note on Monday, January 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Compass Minerals International in a research report on Wednesday, January 21st. Zacks Research raised Compass Minerals International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Loop Capital set a $24.00 price target on Compass Minerals International in a research report on Tuesday, December 30th. Finally, Compass Point set a $22.00 price target on Compass Minerals International in a report on Tuesday, December 16th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target 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.