Equities analysts expect Compass Diversified Holdings (NYSE:CODI) to post earnings per share of $0.26 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Compass Diversified’s earnings. The highest EPS estimate is $0.32 and the lowest is $0.24. Compass Diversified reported earnings per share of ($0.29) in the same quarter last year, which would suggest a positive year-over-year growth rate of 189.7%. The company is expected to announce its next earnings results on Wednesday, May 2nd.
On average, analysts expect that Compass Diversified will report full-year earnings of $1.95 per share for the current year, with EPS estimates ranging from $1.74 to $2.04. For the next year, analysts forecast that the company will report earnings of $2.22 per share, with EPS estimates ranging from $2.20 to $2.28. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that follow Compass Diversified.
Compass Diversified (NYSE:CODI) last released its earnings results on Wednesday, February 28th. The financial services provider reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09. Compass Diversified had a return on equity of 2.11% and a net margin of 2.20%. The business had revenue of $348.40 million for the quarter, compared to analyst estimates of $350.99 million. During the same quarter last year, the firm posted ($0.14) earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year.
A number of analysts have weighed in on CODI shares. Zacks Investment Research lowered Compass Diversified from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 9th. TheStreet lowered 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 one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $20.00.
Shares of Compass Diversified stock opened at $16.75 on Friday. The company has a quick ratio of 1.32, a current ratio of 2.48 and a debt-to-equity ratio of 0.70. Compass Diversified has a 52 week low of $15.95 and a 52 week high of $18.35.
In other Compass Diversified news, insider James Bottiglieri bought 4,733 shares of Compass Diversified stock in a transaction on Wednesday, January 3rd. The shares were acquired at an average price of $17.24 per share, for a total transaction of $81,596.92. Following the completion of the purchase, the insider now directly owns 55,195 shares in the company, valued at approximately $951,561.80. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.40% of the company’s stock.
Several institutional investors have recently made changes to their positions in CODI. State Street Corp increased its stake in shares of Compass Diversified by 0.4% during the second quarter. State Street Corp now owns 66,276 shares of the financial services provider’s stock valued at $1,157,000 after buying an additional 276 shares during the period. Gratus Capital LLC purchased a new position in shares of Compass Diversified during the third quarter valued at $240,000. Legal & General Group Plc increased its stake in shares of Compass Diversified by 10.8% during the third quarter. Legal & General Group Plc now owns 173,880 shares of the financial services provider’s stock valued at $3,082,000 after buying an additional 16,954 shares during the period. Wells Fargo & Company MN increased its stake in shares of Compass Diversified by 18.6% during the third quarter. Wells Fargo & Company MN now owns 123,870 shares of the financial services provider’s stock valued at $2,199,000 after buying an additional 19,423 shares during the period. Finally, Mckinley Capital Management LLC Delaware purchased a new position in shares of Compass Diversified during the third quarter valued at $1,433,000. Hedge funds and other institutional investors own 34.72% of the company’s stock.
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Compass Diversified Company Profile
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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