Compass Minerals International Inc (NYSE: CMP) Stock: Does It Mean Opportunity?

In the last trading session, 4.49 million shares of the Compass Minerals International Inc (NYSE:CMP) were traded, and its beta was 1.09. Most recently the company’s share price was $11.15, and it changed around $1.94 or 21.06% from the last close, which brings the market valuation of the company to $460.83M. CMP currently trades at a discount to its 52-week high of $29.00, offering almost -160.09% off that amount. The share price’s 52-week low was $7.51, which indicates that the current value has risen by an impressive 32.65% since then. We note from Compass Minerals International Inc’s average daily trading volume that its 10-day average is 1.59 million shares, with the 3-month average coming to 878.19K.

Compass Minerals International Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.00. If we narrow it down even further, the data shows that 1 out of 8 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 4 recommended CMP as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Compass Minerals International Inc is expected to report earnings per share of -0.74 for the current quarter.

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Compass Minerals International Inc (NYSE:CMP) trade information

Instantly CMP has showed a green trend with a performance of 21.06% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 12.80 on recent trading dayincreased the stock’s daily price by 12.89%. The company’s shares are currently down -55.96% year-to-date, but still up 43.50% over the last five days. On the other hand, Compass Minerals International Inc (NYSE:CMP) is 14.48% up in the 30-day period. We can see from the shorts that 6.69 million shares have been sold at a short interest cover period of 8.57 day(s).

The consensus price target as assigned by Wall Street analysts is $21.5, which translates to bulls needing to increase their stock price by 48.14% from its current value. Analyst projections state that CMP is forecast to be at a low of $15 and a high of $36.

Compass Minerals International Inc (CMP) estimates and forecasts

Compass Minerals International Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -37.99 percent over the past six months and at a 10.00% annual growth rate that is well above the industry average of 1.00%. The year-over-year growth rate is expected to be -6.30%, down from the previous year.

Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 197.77M in revenue for the current quarter. 4 analysts expect Compass Minerals International Inc to make 224.32M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were nan and 233.6M respectively. Forecasts for the next quarter put sales growth at -4.00%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -21.50%. Compass Minerals International Inc earnings are expected to increase by -194.00% in 2024, but the outlook is positive 27.55% per year for the next five years.

CMP Dividends

Compass Minerals International Inc’s next quarterly earnings report is expected to be released in October. The annual dividend yield of the stock is 2.69 percent and its annual dividend per share was 0.30. It is important to note, however, that the 2.69% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 3.82 per year.

Compass Minerals International Inc (NYSE:CMP)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 18.09% of Compass Minerals International Inc shares, and 88.83% of them are in the hands of institutional investors. The stock currently has a share float of 108.45%. Compass Minerals International Inc stock is held by 291.0 institutions, with KOCH INDUSTRIES INC being the largest institutional investor. By 2024-06-30, it held 17.2476% of the shares, which is about 7.03 million shares worth $72.67 million.

BLACKROCK INC., with 16.0924% or 6.56 million shares worth $67.8 million as of 2024-06-30, holds the second largest percentage of outstanding shares.