Compass Diversified Holdings (NYSE:CODI) – Equities researchers at Jefferies Group reduced their Q1 2019 earnings per share (EPS) estimates for shares of Compass Diversified in a note issued to investors on Tuesday, April 17th. Jefferies Group analyst K. Joseph now forecasts that the financial services provider will post earnings of $0.29 per share for the quarter, down from their previous estimate of $0.31. Jefferies Group also issued estimates for Compass Diversified’s Q2 2019 earnings at $0.52 EPS, Q3 2019 earnings at $0.61 EPS, Q4 2019 earnings at $0.68 EPS and FY2019 earnings at $2.10 EPS.
A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Compass Diversified from a “sell” rating to a “hold” rating in a research note on Tuesday, March 6th. TheStreet cut shares of Compass Diversified from a “b-” rating to a “c” rating in a research note on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $20.00.
Shares of CODI stock opened at $16.15 on Wednesday. Compass Diversified has a 52-week low of $15.70 and a 52-week high of $18.35. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.48 and a quick ratio of 1.32.
Compass Diversified (NYSE:CODI) last announced its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. Compass Diversified had a net margin of 2.20% and a return on equity of 2.11%. The firm had revenue of $348.40 million for the quarter, compared to analysts’ expectations of $350.99 million. During the same period last year, the firm earned ($0.14) earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis.
A number of institutional investors and hedge funds have recently bought and sold shares of CODI. Morris Capital Advisors LLC acquired a new stake in Compass Diversified in the fourth quarter worth $175,000. SeaCrest Wealth Management LLC acquired a new stake in Compass Diversified in the fourth quarter worth $195,000. Atria Investments LLC acquired a new stake in Compass Diversified in the fourth quarter worth $208,000. Pinnacle Associates Ltd. raised its holdings in Compass Diversified by 25.3% in the fourth quarter. Pinnacle Associates Ltd. now owns 18,155 shares of the financial services provider’s stock worth $308,000 after purchasing an additional 3,660 shares during the period. Finally, SMH Capital Advisors Inc. acquired a new stake in Compass Diversified in the fourth quarter worth $329,000. Institutional investors own 34.72% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 26th. Shareholders of record on Thursday, April 19th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, April 18th. This represents a $1.44 annualized dividend and a yield of 8.92%.
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Compass Diversified Company Profile
Compass Diversified Holdings LLC is a private equity firm specializing in acquisitions, buyouts, industry consolidation, recapitalization, and middle market investments. It seeks to invest in niche industrial or branded consumer companies, manufacturing, distribution, consumer products, and business services sectors.
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