Compass Diversified Holdings (NYSE:CODI) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, October 31st.
Compass Diversified Holdings (NYSE:CODI) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported ($0.53) EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.90). The company had revenue of $307.38 million for the quarter, compared to the consensus estimate of $302.86 million. Compass Diversified Holdings had a return on equity of 6.42% and a net margin of 2.20%. Compass Diversified Holdings’s quarterly revenue was up 43.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.33 earnings per share. On average, analysts expect Compass Diversified Holdings to post $1.62 EPS for the current fiscal year and $1.74 EPS for the next fiscal year.
Compass Diversified Holdings (NYSE:CODI) opened at 17.55 on Friday. The company’s market capitalization is $1.05 billion. Compass Diversified Holdings has a 52 week low of $15.90 and a 52 week high of $19.50. The company’s 50-day moving average price is $17.53 and its 200-day moving average price is $17.10.
The business also recently announced a quarterly dividend, which was paid on Thursday, October 26th. Stockholders of record on Thursday, October 19th were issued a $0.36 dividend. The ex-dividend date was Wednesday, October 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 8.21%. Compass Diversified Holdings’s payout ratio is presently -276.92%.
A number of equities analysts have recently issued reports on CODI shares. BidaskClub raised Compass Diversified Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. TheStreet raised Compass Diversified Holdings from a “c+” rating to a “b” rating in a report on Friday, July 7th. Jefferies Group LLC reissued a “buy” rating and issued a $20.00 target price on shares of Compass Diversified Holdings in a report on Friday, July 14th. ValuEngine cut Compass Diversified Holdings from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Finally, Zacks Investment Research raised Compass Diversified Holdings from a “strong sell” rating to a “hold” rating in a report on Monday, August 7th. Three investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $19.50.
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A hedge fund recently raised its stake in Compass Diversified Holdings stock. State Street Corp boosted its holdings in shares of Compass Diversified Holdings (NYSE:CODI) by 0.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,276 shares of the financial services provider’s stock after purchasing an additional 276 shares during the period. State Street Corp owned 0.11% of Compass Diversified Holdings worth $1,157,000 as of its most recent SEC filing. 33.20% of the stock is owned by hedge funds and other institutional investors.
About Compass Diversified Holdings
Compass Diversified Holdings (the Trust) and Compass Group Diversified Holdings, LLC, (the Company), acquires and manages small and middle-market businesses. The Company operates through segments include Acquisition Corp. (5.11 Tactical), The Ergo Baby Carrier, Inc (Ergobaby), Liberty Safe and Security Products, Inc (Liberty), Fresh Hemp Foods Ltd.
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