Compass Minerals International Inc. (CMP) Trading Up 2.2%
Compass Minerals International Inc. (NYSE:CMP) was up 2.2% during mid-day trading on Tuesday . The company traded as high as $75.32 and last traded at $75.09, with a volume of 458,202 shares trading hands. The stock had previously closed at $73.50.
A number of equities research analysts have issued reports on CMP shares. Zacks Investment Research upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Tuesday, June 28th. Stifel Nicolaus assumed coverage on Compass Minerals International in a research report on Tuesday, July 12th. They set a “buy” rating and a $90.00 price objective on the stock. Cantor Fitzgerald reaffirmed a “hold” rating and set a $98.00 price objective on shares of Compass Minerals International in a research report on Sunday, June 5th. TheStreet cut Compass Minerals International from a “buy” rating to a “hold” rating in a research report on Monday, July 25th. Finally, KeyCorp cut Compass Minerals International from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, June 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $76.25.
The stock has a 50 day moving average of $71.98 and a 200 day moving average of $73.54. The stock has a market cap of $2.52 billion and a price-to-earnings ratio of 17.90.
Compass Minerals International (NYSE:CMP) last announced its quarterly earnings data on Monday, July 25th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. The firm earned $169.50 million during the quarter, compared to analysts’ expectations of $177.56 million. During the same quarter in the previous year, the business earned $0.39 earnings per share. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. Equities analysts predict that Compass Minerals International Inc. will post $2.79 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be paid a $0.695 dividend. This represents a $2.78 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend is Tuesday, August 30th.
An institutional investor recently bought a new position in Compass Minerals International stock. RS Investment Management Co. LLC acquired a new stake in Compass Minerals International Inc. (NYSE:CMP) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 43,092 shares of the company’s stock, valued at approximately $3,244,000. RS Investment Management Co. LLC owned 0.13% of Compass Minerals International as of its most recent filing with the SEC.
Compass Minerals International, Inc is a holding company. The Company, through its subsidiaries, is engaged in producing and marketing essential minerals, including salt, sulfate of potash (SOP) specialty fertilizer, magnesium chloride and micronutrients. It operates through two segments, which include salt and plant nutrition.
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