Shares of Compass Minerals International, Inc. (NYSE:CMP) have been given a consensus rating of “Hold” by the seven research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $74.33.
CMP has been the subject of a number of recent analyst reports. ValuEngine downgraded shares of Compass Minerals International from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Zacks Investment Research downgraded shares of Compass Minerals International from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th.
A number of institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its holdings in Compass Minerals International by 29.0% in the first quarter. Envestnet Asset Management Inc. now owns 3,248 shares of the basic materials company’s stock worth $199,000 after purchasing an additional 730 shares during the period. Legal & General Group Plc boosted its holdings in Compass Minerals International by 1.8% in the first quarter. Legal & General Group Plc now owns 42,699 shares of the basic materials company’s stock worth $2,574,000 after purchasing an additional 775 shares during the period. Archford Capital Strategies LLC boosted 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 worth $201,000 after purchasing an additional 866 shares during the period. Kovack Advisors Inc. boosted its holdings in shares of Compass Minerals International by 10.8% during the second quarter. Kovack Advisors Inc. now owns 9,985 shares of the basic materials company’s stock valued at $657,000 after acquiring an additional 977 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Compass Minerals International by 1.6% during the second quarter. Rhumbline Advisers now owns 61,295 shares of the basic materials company’s stock valued at $4,030,000 after acquiring an additional 991 shares during the period. 96.25% of the stock is owned by hedge funds and other institutional investors.
Shares of CMP stock traded up $1.35 during mid-day trading on Monday, reaching $67.29. 235,200 shares of the company were exchanged, compared to its average volume of 321,153. Compass Minerals International has a fifty-two week low of $56.50 and a fifty-two week high of $76.65. The company has a current ratio of 2.66, a quick ratio of 1.46 and a debt-to-equity ratio of 2.28. The company has a market capitalization of $2.27 billion, a P/E ratio of 24.47 and a beta of 0.66.
Compass Minerals International (NYSE:CMP) last released its quarterly earnings results on Monday, August 6th. The basic materials company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.09). Compass Minerals International had a return on equity of 12.50% and a net margin of 2.27%. The company had revenue of $246.70 million for the quarter, compared to analyst estimates of $243.24 million. During the same period in the previous year, the business posted ($0.19) EPS. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, research analysts predict that Compass Minerals International will post 2.83 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 17th. Shareholders of record on Friday, August 31st were issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend was Thursday, August 30th. Compass Minerals International’s dividend payout ratio is presently 104.73%.
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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