Compass Minerals International (NYSE:CMP) Posts Earnings Results

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

Compass Minerals International Trading Down 2.7%

NYSE CMP traded down $0.70 on Wednesday, hitting $25.59. 429,013 shares of the company were exchanged, compared to its average volume of 458,344. The company has a debt-to-equity ratio of 3.55, a current ratio of 2.15 and a quick ratio of 0.98. Compass Minerals International has a twelve month low of $8.60 and a twelve month high of $27.00. The firm has a market capitalization of $1.07 billion, a P/E ratio of -13.33 and a beta of 1.17. The company’s 50 day moving average price is $21.31 and its 200-day moving average price is $19.70.

Wall Street Analyst Weigh In

CMP has been the subject of a number of research analyst reports. Wall Street Zen upgraded Compass Minerals International from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Deutsche Bank Aktiengesellschaft dropped their price objective on Compass Minerals International from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Compass Point set a $22.00 target price on Compass Minerals International in a research note on Tuesday, December 16th. Zacks Research raised Compass Minerals International from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Finally, BMO Capital Markets upped their price target on shares of Compass Minerals International from $20.00 to $25.00 and gave the company a “market perform” rating in a report on Monday, January 5th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Compass Minerals International currently has a consensus rating of “Reduce” and a consensus price target of $22.00.

Institutional Investors Weigh In On Compass Minerals International

A number of large investors have recently made changes to their positions in CMP. Headlands Technologies LLC acquired a new position in Compass Minerals International in the 2nd quarter worth approximately $83,000. Vestcor Inc acquired a new stake in shares of Compass Minerals International in the third quarter worth $158,000. Tower Research Capital LLC TRC grew its holdings in shares of Compass Minerals International by 1,450.2% during the second quarter. Tower Research Capital LLC TRC now owns 10,402 shares of the basic materials company’s stock valued at $209,000 after buying an additional 9,731 shares in the last quarter. PDT Partners LLC purchased a new position in shares of Compass Minerals International during the second quarter valued at $234,000. Finally, New York State Common Retirement Fund raised its position in Compass Minerals International by 73.7% during the second quarter. New York State Common Retirement Fund now owns 12,489 shares of the basic materials company’s stock valued at $251,000 after buying an additional 5,300 shares during the period. Institutional investors and hedge funds own 99.78% of the company’s stock.

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.