Shares of Compass Minerals (NYSE:CMP) have earned a consensus rating of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $73.80.
CMP has been the subject of several research reports. Stephens initiated coverage on Compass Minerals in a report on Monday, April 2nd. They set an “overweight” rating and a $74.00 price target for the company. Zacks Investment Research lowered Compass Minerals from a “hold” rating to a “sell” rating in a report on Monday, January 29th. Credit Suisse Group lowered Compass Minerals from a “neutral” rating to an “underperform” rating and lifted their price target for the company from $59.72 to $60.00 in a report on Wednesday, February 14th. TheStreet lowered Compass Minerals from a “b” rating to a “c+” rating in a report on Tuesday, February 13th. Finally, ValuEngine lowered Compass Minerals from a “hold” rating to a “sell” rating in a report on Thursday, March 1st.
Shares of Compass Minerals traded down $0.25, hitting $69.15, during trading on Friday, Marketbeat.com reports. 22,623 shares of the stock traded hands, compared to its average volume of 372,468. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 25.19 and a beta of 0.61. The company has a debt-to-equity ratio of 1.82, a current ratio of 2.38 and a quick ratio of 1.51. Compass Minerals has a twelve month low of $69.20 and a twelve month high of $70.05.
Compass Minerals (NYSE:CMP) last announced its quarterly earnings results on Tuesday, May 1st. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.28). The firm had revenue of $437.90 million for the quarter, compared to analyst estimates of $431.82 million. Compass Minerals had a net margin of 2.39% and a return on equity of 12.03%. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.63 earnings per share. equities research analysts predict that Compass Minerals will post 2.9 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be issued a $0.72 dividend. The ex-dividend date is Thursday, May 31st. This represents a $2.88 annualized dividend and a yield of 4.16%. Compass Minerals’s dividend payout ratio (DPR) is currently 104.73%.
In related news, SVP Steven N. Berger bought 750 shares of Compass Minerals stock in a transaction that occurred on Wednesday, March 28th. The stock was purchased at an average cost of $59.35 per share, for a total transaction of $44,512.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Francis Joseph Malecha sold 1,572 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $63.21, for a total value of $99,366.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,229 shares of company stock valued at $140,895. Corporate insiders own 0.94% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. SeaCrest Wealth Management LLC acquired a new stake in Compass Minerals in the 4th quarter worth approximately $103,000. First PREMIER Bank bought a new position in Compass Minerals in the 4th quarter worth approximately $115,000. Archford Capital Strategies LLC bought a new position in Compass Minerals in the 1st quarter worth approximately $158,000. Stratos Wealth Partners LTD. increased its position in Compass Minerals by 65.2% in the 1st quarter. Stratos Wealth Partners LTD. now owns 2,280 shares of the basic materials company’s stock worth $137,000 after buying an additional 900 shares during the period. Finally, CoreCommodity Management LLC bought a new position in Compass Minerals in the 4th quarter worth approximately $167,000.
About Compass Minerals
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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