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

Compass Minerals International, Inc. (NYSE:CMP)’s share price was down 4.7% during trading on Thursday . The company traded as low as $13.14 and last traded at $13.04. Approximately 68,807 shares changed hands 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.

Analysts Set New Price Targets

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

Compass Minerals International Stock Up 1.7 %

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

Compass Minerals International (NYSE:CMP) last released its quarterly earnings data on Monday, December 16th. The basic materials company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.82). The business had revenue of $208.80 million for the quarter, compared to analyst estimates of $323.61 million. Compass Minerals International had a negative return on equity of 2.15% and a negative net margin of 19.24%. The business’s quarterly revenue was down 38.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.05 EPS. Sell-side analysts forecast that Compass Minerals International, Inc. will post 0.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Compass Minerals International

Several hedge funds have recently modified their holdings of the company. Inspire Investing LLC raised its stake in Compass Minerals International by 5.7% in the 4th quarter. Inspire Investing LLC now owns 40,527 shares of the basic materials company’s stock valued at $456,000 after acquiring an additional 2,201 shares during the period. Ballentine Partners LLC raised its position in shares of Compass Minerals International by 3.6% in the fourth quarter. Ballentine Partners LLC now owns 21,559 shares of the basic materials company’s stock valued at $243,000 after purchasing an additional 748 shares during the period. Tsfg LLC bought a new stake in shares of Compass Minerals International in the fourth quarter valued at approximately $28,000. Bard Financial Services Inc. lifted its stake in shares of Compass Minerals International by 1.2% during the 4th quarter. Bard Financial Services Inc. now owns 189,615 shares of the basic materials company’s stock valued at $2,133,000 after buying an additional 2,250 shares in the last quarter. Finally, 272 Capital LP bought a new position in Compass Minerals International in the 3rd quarter worth approximately $226,000. Institutional investors own 99.78% of the company’s stock.

Compass Minerals International Company Profile

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.