Overland Park, Kansas, November 9, 2019 – Shares of Compass Minerals International Inc. (NYSE: CMP) gained 0.69% to $56.93. The stock grabbed the investor’s attention and traded 318,480 shares as compared to its average daily volume of 249.82K shares. The stock’s institutional ownership stands at 95.70%.
Compass Minerals (CMP) posted revenues of $245.20M for the quarter ended June 2019, missing the Zacks Consensus Estimate by 0.79%. This compares to year-ago revenues of $246.70M. The company has not been able to beat consensus revenue estimates over the last four quarters. The company came out with a quarterly loss of $0.29 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $0.23 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -81.25%. A quarter ago, it was expected that this minerals producer would post earnings of $0.01 per share when it actually produced earnings of $0.22, delivering a surprise of 2,100%.
CMP has a market value of $1.93B while its EPS was booked as $1.94 in the last 12 months. The stock has 33.88M shares outstanding. In the profitability analysis, the company has gross profit margin of 20.90% while net profit margin was 4.00%. Beta value of the company was 1.36; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.20.