Compass Minerals International Sees Unusually Large Options Volume (CMP)
Compass Minerals International, Inc. (NYSE:CMP) was the target of unusually large options trading on Friday. Stock investors purchased 1,253 put options on the company. This represents an increase of approximately 1,374% compared to the average daily volume of 85 put options.
Compass Minerals International (NYSE CMP) opened at $72.25 on Monday. The company has a debt-to-equity ratio of 1.70, a current ratio of 2.52 and a quick ratio of 1.18. Compass Minerals International has a 1-year low of $59.72 and a 1-year high of $84.40. The company has a market cap of $2,444.00, a PE ratio of 17.00 and a beta of 0.51.
Compass Minerals International (NYSE:CMP) last announced its quarterly earnings results on Monday, October 30th. The basic materials company reported $0.65 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.20). Compass Minerals International had a net margin of 10.72% and a return on equity of 11.52%. The business had revenue of $290.70 million during the quarter, compared to the consensus estimate of $323.76 million. During the same period in the previous year, the business posted $0.27 EPS. The firm’s revenue was up 61.9% on a year-over-year basis. research analysts expect that Compass Minerals International will post 2.62 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date was Thursday, November 30th. Compass Minerals International’s payout ratio is 67.76%.
Several large investors have recently made changes to their positions in the stock. Fieldpoint Private Securities LLC bought a new position in shares of Compass Minerals International in the 3rd quarter valued at about $241,000. Griffin Asset Management Inc. bought a new position in shares of Compass Minerals International in the 3rd quarter valued at about $1,298,000. California Public Employees Retirement System lifted its holdings in shares of Compass Minerals International by 5.0% in the 3rd quarter. California Public Employees Retirement System now owns 62,686 shares of the basic materials company’s stock valued at $4,068,000 after acquiring an additional 2,986 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Compass Minerals International by 12.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 12,936 shares of the basic materials company’s stock valued at $840,000 after acquiring an additional 1,401 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Compass Minerals International by 56.4% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 28,546 shares of the basic materials company’s stock valued at $1,859,000 after acquiring an additional 10,297 shares during the last quarter.
A number of equities research analysts have issued reports on CMP shares. Zacks Investment Research lowered Compass Minerals International from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. TheStreet upgraded Compass Minerals International from a “c+” rating to a “b” rating in a research note on Thursday, November 30th. Monness Crespi & Hardt upgraded Compass Minerals International from a “neutral” rating to a “buy” rating and set a $76.00 price target for the company in a research note on Monday, October 2nd. Stifel Nicolaus restated a “buy” rating and set a $84.00 price objective on shares of Compass Minerals International in a research report on Thursday, September 21st. Finally, JPMorgan Chase & Co. upgraded Compass Minerals International from a “neutral” rating to an “overweight” rating and set a $70.00 price objective for the company in a research report on Monday, September 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Compass Minerals International currently has an average rating of “Hold” and a consensus target price of $73.60.
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Compass Minerals International Company Profile
Compass Minerals International, Inc (CMI) is a provider of essential minerals that solve nature’s challenges, including salt for winter roadway safety and other consumer, industrial and agricultural uses; specialty plant nutrition minerals for the quality and yield of crops, and specialty chemicals for water treatment and other industrial processes.
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