Compass Minerals International, Inc. (NYSE:CMP) has been assigned an average rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $74.33.
Several research analysts have recently weighed in on CMP shares. ValuEngine downgraded shares of Compass Minerals International from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Zacks Investment Research downgraded shares of Compass Minerals International from a “hold” rating to a “sell” rating in a research note on Tuesday.
Shares of CMP stock traded up $1.44 on Monday, hitting $65.94. The stock had a trading volume of 425,025 shares, compared to its average volume of 321,587. The company has a market capitalization of $2.27 billion, a PE ratio of 23.98 and a beta of 0.66. The company has a current ratio of 2.66, a quick ratio of 1.46 and a debt-to-equity ratio of 2.28. Compass Minerals International has a 52-week low of $56.50 and a 52-week high of $76.65.
Compass Minerals International (NYSE:CMP) last announced its earnings results on Monday, August 6th. The basic materials company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.09). The firm had revenue of $246.70 million during the quarter, compared to analysts’ expectations of $243.24 million. Compass Minerals International had a net margin of 2.27% and a return on equity of 12.50%. Compass Minerals International’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.19) earnings per share. Equities research analysts predict that Compass Minerals International will post 2.83 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 17th. Investors of record on Friday, August 31st were issued a $0.72 dividend. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $2.88 annualized dividend and a yield of 4.37%. Compass Minerals International’s dividend payout ratio is presently 104.73%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC acquired a new stake in Compass Minerals International in the second quarter valued at $141,000. NEXT Financial Group Inc acquired a new stake in Compass Minerals International in the third quarter valued at $171,000. Tower Research Capital LLC TRC raised its holdings in Compass Minerals International by 80.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,981 shares of the basic materials company’s stock valued at $196,000 after acquiring an additional 1,331 shares in the last quarter. Archford Capital Strategies LLC raised its holdings in Compass Minerals International by 39.5% in the second quarter. Archford Capital Strategies LLC now owns 3,058 shares of the basic materials company’s stock valued at $201,000 after acquiring an additional 866 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in Compass Minerals International in the second quarter valued at $211,000. 96.25% of the stock is currently owned by hedge funds and other institutional investors.
Compass Minerals International Company Profile
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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