Compass Minerals International (NYSE:CMP) Announces Earnings Results, Misses Expectations By $0.26 EPS

Key Points

• Compass Minerals International reported earnings of ($0.39) per share, missing analysts' expectations by $0.26, with a negative return on equity of 24.24%.
• The stock traded up $0.13 to $21.57, with a market cap of $895.16 million and a P/E ratio of -6.06.
• Institutional investors, particularly MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd., have increased their stake in the company, owning 99.78% of the stock.

Compass Minerals International (NYSE:CMP - Get Free Report) released its earnings results on Monday. The basic materials company reported ($0.39) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.26), Zacks reports. Compass Minerals International had a negative return on equity of 24.24% and a negative net margin of 12.15%. Compass Minerals International updated its FY 2025 guidance to EPS.

Compass Minerals International Stock Performance

Shares of NYSE CMP traded up $0.13 during midday trading on Monday, hitting $21.57. 636,310 shares of the company's stock were exchanged, compared to its average volume of 660,974. The company has a debt-to-equity ratio of 3.37, a current ratio of 1.84 and a quick ratio of 1.12. The stock's 50 day moving average price is $20.52 and its 200-day moving average price is $15.41. The firm has a market cap of $895.16 million, a P/E ratio of -6.06 and a beta of 1.11. Compass Minerals International has a twelve month low of $7.51 and a twelve month high of $22.69.

Institutional Investors Weigh In On Compass Minerals International

An institutional investor recently raised its position in Compass Minerals International stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 4.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,665 shares of the basic materials company's stock after purchasing an additional 858 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Compass Minerals International were worth $192,000 at the end of the most recent quarter. 99.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CMP has been the subject of several recent research reports. BMO Capital Markets lifted their price target on Compass Minerals International from $15.00 to $20.00 and gave the company a "market perform" rating in a research report on Monday, May 12th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $22.00 price target (up from $14.00) on shares of Compass Minerals International in a research note on Monday, June 23rd. Finally, Wall Street Zen lowered Compass Minerals International from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 27th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.