Compass Minerals International (NYSE:CMP) announced its earnings results on Monday. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.38), Morningstar.com reports. Compass Minerals International had a net margin of 0.91% and a return on equity of 12.10%.
Compass Minerals International stock opened at $52.62 on Tuesday. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.32 and a current ratio of 2.55. Compass Minerals International has a 1-year low of $38.19 and a 1-year high of $71.25. The stock has a market capitalization of $1.76 billion, a P/E ratio of 19.13 and a beta of 1.38.
In other news, CFO James D. Standen acquired 750 shares of Compass Minerals International 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 transaction, the chief financial officer now directly owns 2,090 shares of the company’s stock, valued at approximately $99,797.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.94% of the company’s stock.
A number of institutional investors have recently bought and sold shares of CMP. Enlightenment Research LLC purchased a new stake in Compass Minerals International in the 4th quarter worth about $25,000. First Mercantile Trust Co. purchased a new stake in Compass Minerals International in the 4th quarter worth about $66,000. ETF Managers Group LLC raised its position in Compass Minerals International by 19.4% in the 4th quarter. ETF Managers Group LLC now owns 2,229 shares of the basic materials company’s stock worth $93,000 after purchasing an additional 362 shares during the period. Dupont Capital Management Corp purchased a new stake in Compass Minerals International in the 4th quarter worth about $93,000. Finally, Laurel Wealth Advisors Inc. purchased a new stake in Compass Minerals International in the 3rd quarter worth about $201,000. 96.14% of the stock is currently owned by institutional investors.
CMP has been the topic of several recent research reports. BMO Capital Markets decreased their target price on shares of Compass Minerals International from $70.00 to $65.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 24th. Credit Suisse Group cut shares of Compass Minerals International from a “neutral” rating to an “underperform” rating and set a $48.06 target price on the stock. in a research report on Sunday, December 2nd. Monness Crespi & Hardt decreased their target price on shares of Compass Minerals International from $76.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. ValuEngine cut shares of Compass Minerals International from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. Finally, Zacks Investment Research cut shares of Compass Minerals International from a “hold” rating to a “strong sell” rating in a research report on Monday, February 4th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $62.34.
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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