Compass Minerals International (NYSE:CMP) Announces Earnings Results

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

Compass Minerals International Price Performance

Shares of CMP stock traded down $4.39 during midday trading on Thursday, reaching $25.64. 1,873,666 shares of the company were exchanged, compared to its average volume of 566,395. Compass Minerals International has a 12 month low of $16.40 and a 12 month high of $34.50. The company has a market cap of $1.08 billion, a P/E ratio of 170.94 and a beta of 1.23. The company’s 50 day moving average price is $30.16 and its two-hundred day moving average price is $26.87. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.34 and a current ratio of 2.06.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Zacks Research lowered shares of Compass Minerals International from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $35.00 target price on shares of Compass Minerals International in a research report on Wednesday, May 27th. JPMorgan Chase & Co. upgraded shares of Compass Minerals International from an “underweight” rating to a “neutral” rating and raised their price target for the company from $20.00 to $30.00 in a research note on Thursday, May 14th. Weiss Ratings raised Compass Minerals International from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, June 18th. Finally, Wall Street Zen lowered Compass Minerals International from a “buy” rating to a “hold” rating in a report on Sunday. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Compass Minerals International currently has an average rating of “Hold” and a consensus price target of $28.80.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CMP. Royal Bank of Canada lifted its position in Compass Minerals International by 10.5% in the first quarter. Royal Bank of Canada now owns 49,928 shares of the basic materials company’s stock worth $464,000 after purchasing an additional 4,740 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Compass Minerals International by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,665 shares of the basic materials company’s stock worth $192,000 after buying an additional 858 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Compass Minerals International by 16.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 191,626 shares of the basic materials company’s stock worth $3,850,000 after buying an additional 26,531 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Compass Minerals International by 15.4% in the second quarter. Legal & General Group Plc now owns 39,625 shares of the basic materials company’s stock valued at $796,000 after buying an additional 5,292 shares during the period. Finally, Prudential Financial Inc. acquired a new stake in shares of Compass Minerals International in the second quarter valued at $267,000. 99.78% of the stock is currently owned by institutional investors.

About Compass Minerals International

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.