In the last trading session, 1.26 million shares of the Compass Minerals International Inc (NYSE:CMP) were traded, and its beta was 1.13. Most recently the company’s share price was $14.76, and it changed around $0.21 or 1.44% from the last close, which brings the market valuation of the company to $741.80M. CMP currently trades at a discount to its 52-week high of $27.25, offering almost -84.62% off that amount. The share price’s 52-week low was $7.51, which indicates that the current value has risen by an impressive 49.12% since then. We note from Compass Minerals International Inc’s average daily trading volume that its 10-day average is 1.1 million shares, with the 3-month average coming to 1.09 million.
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 -0.52 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 1.44% 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 15.82 on recent trading dayincreased the stock’s daily price by 6.7%. The company’s shares are currently down -41.71% year-to-date, but still up 13.71% over the last five days. On the other hand, Compass Minerals International Inc (NYSE:CMP) is 9.01% up in the 30-day period. We can see from the shorts that 3.12 million shares have been sold at a short interest cover period of 5.18 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 31.35% 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 not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 11.73 percent over the past six months and at a -96.00% annual growth rate that is well below the industry average of 2.10%. The year-over-year growth rate is expected to be 4.63%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 208.68M in revenue for the current quarter. 5 analysts expect Compass Minerals International Inc to make 1.12B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 233.6M and 1.2B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -10.67%. Forecasts for the next quarter put sales growth at -7.27%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -27.52%. Compass Minerals International Inc earnings are expected to increase by -166.00% in 2024, but the outlook is positive 29.96% per year for the next five years.
CMP Dividends
Compass Minerals International Inc’s next quarterly earnings report is expected to be released in December. The annual dividend yield of the stock is 2.03 percent and its annual dividend per share was 0.30. It is important to note, however, that the 2.03% 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 3.76 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 86.36% of them are in the hands of institutional investors. The stock currently has a share float of 105.43%. Compass Minerals International Inc stock is held by 298.0 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.
