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

Compass Minerals International, Inc. (NYSE:CMP)’s share price dropped 4.7% during mid-day trading on Thursday . The company traded as low as $13.14 and last traded at $13.04. Approximately 68,807 shares changed hands during 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 for the company in a research report on Wednesday, December 18th.

Compass Minerals International Stock Down 4.2 %

The firm has a 50 day moving average of $13.07 and a two-hundred day moving average of $11.96. The firm has a market capitalization of $543.41 million, a price-to-earnings ratio of -2.52, a price-to-earnings-growth ratio of 1.38 and a beta of 1.21. The company has a quick ratio of 0.80, a current ratio of 2.71 and a debt-to-equity ratio of 2.87.

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

Institutional Trading of Compass Minerals International

A number of hedge funds have recently made changes to their positions in CMP. Tsfg LLC acquired a new position in Compass Minerals International during the 4th quarter worth about $28,000. Signaturefd LLC lifted its position 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 worth $29,000 after purchasing an additional 2,077 shares during the period. Denver PWM LLC boosted its stake in shares of Compass Minerals International by 33.8% in the 3rd quarter. Denver PWM LLC now owns 3,745 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 946 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Compass Minerals International during the second quarter worth $46,000. Finally, Nisa Investment Advisors LLC raised its stake in Compass Minerals International by 247.7% during the third quarter. Nisa Investment Advisors LLC now owns 4,110 shares of the basic materials company’s stock worth $49,000 after buying an additional 2,928 shares during the last quarter. 99.78% of the stock is owned by institutional investors and hedge funds.

About Compass Minerals International

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.