Compass Minerals International (NYSE:CMP) Releases Quarterly Earnings Results, Misses Estimates 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) posted 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 16.70% and a negative net margin of 9.87%. The business had revenue of $214.60 million during the quarter, compared to the consensus estimate of $208.60 million. During the same quarter last year, the firm earned ($1.05) earnings per share. The business's quarterly revenue was up 5.8% on a year-over-year basis. Compass Minerals International updated its FY 2025 guidance to EPS.

Compass Minerals International Trading Down 1.1%

Compass Minerals International stock traded down $0.20 during trading hours on Friday, hitting $18.54. The company had a trading volume of 53,848 shares, compared to its average volume of 660,476. The firm has a market cap of $772.81 million, a P/E ratio of -6.34 and a beta of 1.11. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.12 and a current ratio of 2.15. Compass Minerals International has a 1 year low of $7.51 and a 1 year high of $22.69. The company has a 50-day moving average price of $20.52 and a two-hundred day moving average price of $15.56.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CMP shares. Wall Street Zen cut shares of Compass Minerals International from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 27th. Zacks Research raised shares of Compass Minerals International to a "hold" rating in a research note on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $22.00 price target (up from $14.00) on shares of Compass Minerals International in a research note on Monday, June 23rd. BMO Capital Markets lifted their price target on shares of Compass Minerals International from $15.00 to $20.00 and gave the stock a "market perform" rating in a research note on Monday, May 12th. Finally, JPMorgan Chase & Co. cut shares of Compass Minerals International from an "overweight" rating to an "underweight" rating and lifted their price target for the stock from $15.00 to $18.00 in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $20.00.

Institutional Investors Weigh In On Compass Minerals International

Large investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP lifted its position in shares of Compass Minerals International by 62.9% in the 2nd quarter. Engineers Gate Manager LP now owns 54,721 shares of the basic materials company's stock worth $1,099,000 after purchasing an additional 21,130 shares during the period. Balyasny Asset Management L.P. purchased a new stake in shares of Compass Minerals International in the 2nd quarter worth approximately $1,009,000. Legal & General Group Plc lifted its position in shares of Compass Minerals International by 15.4% in the 2nd quarter. Legal & General Group Plc now owns 39,625 shares of the basic materials company's stock worth $796,000 after purchasing an additional 5,292 shares during the period. Royal Bank of Canada lifted its position in shares of Compass Minerals International by 10.5% in the 1st quarter. Royal Bank of Canada now owns 49,928 shares of the basic materials company's stock worth $464,000 after purchasing an additional 4,740 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in shares of Compass Minerals International by 5,621.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 22,029 shares of the basic materials company's stock worth $443,000 after purchasing an additional 21,644 shares during the period. 99.78% of the stock is owned by hedge funds and other institutional investors.

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.