Compass Minerals International (NYSE:CMP) Posts Earnings Results, Misses Estimates By $0.08 EPS

Compass Minerals International (NYSE:CMP) posted its earnings results on Wednesday. The basic materials company reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $215.30 million for the quarter, compared to analyst estimates of $207.75 million.

Compass Minerals International Stock Up 0.5%

Compass Minerals International stock traded up $0.15 during midday trading on Wednesday, hitting $29.96. 475,901 shares of the stock were exchanged, compared to its average volume of 557,540. Compass Minerals International has a 1 year low of $16.40 and a 1 year high of $34.50. The company has a debt-to-equity ratio of 2.60, a current ratio of 2.06 and a quick ratio of 1.34. The firm has a market cap of $1.26 billion, a P/E ratio of 199.75 and a beta of 1.23. The company has a 50 day moving average price of $30.20 and a two-hundred day moving average price of $26.83.

Institutional Trading of Compass Minerals International

Large investors have recently modified their holdings of the business. XTX Topco Ltd acquired a new position in shares of Compass Minerals International in the fourth quarter worth about $628,000. Gotham Asset Management LLC grew its stake in Compass Minerals International by 19.4% during the 4th quarter. Gotham Asset Management LLC now owns 64,840 shares of the basic materials company’s stock valued at $1,273,000 after purchasing an additional 10,537 shares in the last quarter. Concentric Capital Strategies LP purchased a new stake in Compass Minerals International during the 4th quarter worth approximately $1,288,000. Balyasny Asset Management L.P. purchased a new stake in Compass Minerals International during the 4th quarter worth approximately $290,000. Finally, Gumshoe Capital Management LLC acquired a new position in shares of Compass Minerals International in the 4th quarter valued at approximately $24,842,000. 99.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.