Compass Minerals International (NYSE:CMP) Posts Quarterly Earnings Results, Misses Estimates By $0.13 EPS

Compass Minerals International (NYSE:CMP) issued its quarterly earnings results on Tuesday. The basic materials company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.13), Bloomberg Earnings reports. Compass Minerals International had a net margin of 4.37% and a return on equity of 11.26%. The firm had revenue of $245.20 million for the quarter, compared to analyst estimates of $250.99 million. During the same period last year, the company earned ($0.23) EPS. The company’s revenue was down .6% compared to the same quarter last year.

NYSE:CMP opened at $54.11 on Wednesday. Compass Minerals International has a 1-year low of $38.19 and a 1-year high of $70.40. The firm has a 50-day moving average of $54.99. The company has a quick ratio of 1.37, a current ratio of 2.16 and a debt-to-equity ratio of 2.27. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 28.04 and a beta of 1.33.

In other Compass Minerals International news, Director Joseph E. Reece purchased 1,000 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were bought at an average price of $53.51 per share, with a total value of $53,510.00. Following the completion of the transaction, the director now directly owns 259 shares in the company, valued at approximately $13,859.09. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James D. Standen purchased 692 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were acquired at an average cost of $52.05 per share, for a total transaction of $36,018.60. Following the transaction, the chief financial officer now owns 3,000 shares of the company’s stock, valued at $156,150. The disclosure for this purchase can be found here. Insiders acquired 2,722 shares of company stock worth $144,229 in the last three months. Insiders own 0.60% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in shares of Compass Minerals International by 6.8% in the 4th quarter. Geode Capital Management LLC now owns 361,138 shares of the basic materials company’s stock valued at $15,055,000 after purchasing an additional 22,989 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Compass Minerals International by 28.1% in the 4th quarter. Bank of America Corp DE now owns 127,445 shares of the basic materials company’s stock valued at $5,313,000 after purchasing an additional 27,944 shares in the last quarter. MML Investors Services LLC increased its holdings in shares of Compass Minerals International by 12.9% in the 4th quarter. MML Investors Services LLC now owns 5,146 shares of the basic materials company’s stock valued at $215,000 after purchasing an additional 589 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in shares of Compass Minerals International in the 4th quarter valued at about $339,000. Finally, Jane Street Group LLC increased its holdings in shares of Compass Minerals International by 112.6% in the 4th quarter. Jane Street Group LLC now owns 6,749 shares of the basic materials company’s stock valued at $281,000 after purchasing an additional 3,574 shares in the last quarter. 93.47% of the stock is currently owned by institutional investors.

CMP has been the topic of several research reports. Zacks Investment Research lowered Compass Minerals International from a “strong-buy” rating to a “hold” rating in a research note on Monday. BMO Capital Markets set a $60.00 target price on Compass Minerals International and gave the company a “hold” rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $57.77.

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 through 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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Earnings History for Compass Minerals International (NYSE:CMP)

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