Wall Street analysts predict that Compass Diversified Holdings (NYSE:CODI) will report earnings of $0.44 per share for the current quarter, according to Zacks. Three analysts have made estimates for Compass Diversified’s earnings. The highest EPS estimate is $0.50 and the lowest is $0.40. Compass Diversified posted earnings per share of $0.07 in the same quarter last year, which indicates a positive year-over-year growth rate of 528.6%. The company is scheduled to issue its next quarterly earnings report on Wednesday, March 7th.
On average, analysts expect that Compass Diversified will report full-year earnings of $1.56 per share for the current fiscal year, with EPS estimates ranging from $1.51 to $1.61. For the next fiscal year, analysts expect that the company will report earnings of $1.69 per share, with EPS estimates ranging from $1.56 to $1.81. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Compass Diversified.
Compass Diversified (NYSE:CODI) last posted its quarterly earnings data on Wednesday, November 8th. The financial services provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.22). Compass Diversified had a positive return on equity of 2.77% and a negative net margin of 1.31%. The firm had revenue of $323.96 million for the quarter, compared to analysts’ expectations of $348.42 million.
Several research firms have weighed in on CODI. Zacks Investment Research cut shares of Compass Diversified from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 3rd. BidaskClub upgraded shares of Compass Diversified from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, TheStreet lowered shares of Compass Diversified from a “b-” rating to a “c” rating in a research note on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.50.
In related news, insider James Bottiglieri bought 5,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was bought at an average price of $16.63 per share, with a total value of $83,150.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.40% of the company’s stock.
Several large investors have recently modified their holdings of the business. First Allied Advisory Services Inc. lifted its stake in shares of Compass Diversified by 2.0% in the 2nd quarter. First Allied Advisory Services Inc. now owns 12,673 shares of the financial services provider’s stock valued at $220,000 after purchasing an additional 254 shares during the last quarter. State Street Corp lifted its stake in shares of Compass Diversified by 0.4% in the 2nd quarter. State Street Corp now owns 66,276 shares of the financial services provider’s stock valued at $1,157,000 after purchasing an additional 276 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of Compass Diversified by 3.7% in the 3rd quarter. California Public Employees Retirement System now owns 118,803 shares of the financial services provider’s stock valued at $2,109,000 after purchasing an additional 4,203 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Compass Diversified by 4.4% in the 2nd quarter. Wells Fargo & Company MN now owns 104,447 shares of the financial services provider’s stock valued at $1,823,000 after purchasing an additional 4,446 shares during the last quarter. Finally, Gilman Hill Asset Management LLC lifted its stake in shares of Compass Diversified by 2.3% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 227,982 shares of the financial services provider’s stock valued at $4,047,000 after purchasing an additional 5,100 shares during the last quarter. 33.46% of the stock is owned by institutional investors.
Compass Diversified (NYSE CODI) traded down $0.10 during midday trading on Thursday, reaching $16.95. 220,818 shares of the company’s stock traded hands, compared to its average volume of 229,606. Compass Diversified has a 12-month low of $15.90 and a 12-month high of $18.35. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.26 and a current ratio of 2.41. The stock has a market cap of $1,027.29, a PE ratio of -14.49 and a beta of 0.55.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Thursday, January 18th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 8.50%. The ex-dividend date was Wednesday, January 17th. Compass Diversified’s dividend payout ratio (DPR) is currently -123.08%.
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About Compass Diversified
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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