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.
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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