Compass Minerals International (NYSE:CMP) posted its quarterly earnings data on Monday. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.79 by ($0.38), Morningstar.com reports. Compass Minerals International had a return on equity of 12.10% and a net margin of 0.91%.
Shares of NYSE:CMP opened at $52.62 on Tuesday. The company has a current ratio of 2.55, a quick ratio of 1.32 and a debt-to-equity ratio of 2.47. The stock has a market capitalization of $1.76 billion, a P/E ratio of 19.13 and a beta of 1.38. Compass Minerals International has a fifty-two week low of $38.19 and a fifty-two week high of $71.25.
CMP has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Compass Minerals International from a “sell” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Tuesday, January 15th. Monness Crespi & Hardt cut their price objective on shares of Compass Minerals International from $76.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. BMO Capital Markets cut their price objective on shares of Compass Minerals International from $65.00 to $60.00 and set a “market perform” rating on the stock in a report on Friday, November 2nd. Credit Suisse Group raised shares of Compass Minerals International from an “underperform” rating to a “neutral” rating and set a $49.00 price objective on the stock in a report on Tuesday, November 27th. Finally, ValuEngine downgraded shares of Compass Minerals International from a “hold” rating to a “sell” rating in a report on Tuesday, October 23rd. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $62.34.
In related news, CFO James D. Standen purchased 750 shares of the business’s stock in a transaction that occurred on Friday, December 7th. The shares were bought at an average cost of $47.75 per share, with a total value of $35,812.50. Following the acquisition, the chief financial officer now owns 2,090 shares of the company’s stock, valued at $99,797.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.94% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Enlightenment Research LLC purchased a new stake in Compass Minerals International during the fourth quarter valued at about $25,000. First Mercantile Trust Co. purchased a new stake in Compass Minerals International during the fourth quarter valued at about $66,000. ETF Managers Group LLC lifted its holdings in Compass Minerals International by 19.4% during the fourth quarter. ETF Managers Group LLC now owns 2,229 shares of the basic materials company’s stock valued at $93,000 after purchasing an additional 362 shares during the last quarter. Dupont Capital Management Corp purchased a new stake in Compass Minerals International during the fourth quarter valued at about $93,000. Finally, Laurel Wealth Advisors Inc. purchased a new stake in Compass Minerals International during the third quarter valued at about $201,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.
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About Compass Minerals International
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 in 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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