Compass Minerals International (NYSE:CMP) Shares Down 4.7% – Here’s What Happened

Compass Minerals International, Inc. (NYSE:CMPGet Free Report) was down 4.7% on Thursday . The company traded as low as $13.14 and last traded at $13.04. Approximately 68,807 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 497,861 shares. The stock had previously closed at $13.68.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets lowered their target price on shares of Compass Minerals International from $20.00 to $18.00 and set a “market perform” rating for the company in a research note on Wednesday, December 18th.

Check Out Our Latest Stock Report on CMP

Compass Minerals International Stock Performance

The stock’s fifty day moving average is $13.07 and its two-hundred day moving average is $11.99. The firm has a market cap of $555.89 million, a price-to-earnings ratio of -2.57, a PEG ratio of 1.36 and a beta of 1.21. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.80 and a current ratio of 2.71.

Compass Minerals International (NYSE:CMPGet Free Report) last released its earnings results on Monday, December 16th. The basic materials company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.82). Compass Minerals International had a negative return on equity of 2.15% and a negative net margin of 19.24%. The business had revenue of $208.80 million during the quarter, compared to the consensus estimate of $323.61 million. During the same quarter in the previous year, the firm earned $0.05 earnings per share. The firm’s revenue for the quarter was down 38.9% compared to the same quarter last year. On average, analysts expect that Compass Minerals International, Inc. will post 0.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC boosted its stake in shares of Compass Minerals International by 629.4% in the 3rd quarter. Signaturefd LLC now owns 2,407 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 2,077 shares in the last quarter. Tsfg LLC bought a new stake in shares of Compass Minerals International during the fourth quarter worth $28,000. Denver PWM LLC increased its holdings in shares of Compass Minerals International by 33.8% during the third quarter. Denver PWM LLC now owns 3,745 shares of the basic materials company’s stock worth $45,000 after buying an additional 946 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Compass Minerals International by 247.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,110 shares of the basic materials company’s stock valued at $49,000 after acquiring an additional 2,928 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Compass Minerals International during the 2nd quarter worth $46,000. 99.78% of the stock is owned by institutional investors and hedge funds.

Compass Minerals International Company Profile

(Get Free Report)

Compass Minerals International, Inc, provides essential minerals in the United States, Canada, the United Kingdom, and internationally. It operates through two segments, Salt and Plant Nutrition. The Salt segment produces, markets, and sells 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 sodium chloride to produce specialty products.

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