Analysts predict that Compass Diversified Holdings (NYSE:CODI) will post $0.24 earnings per share for the current quarter, according to Zacks. Three analysts have provided estimates for Compass Diversified’s earnings, with the lowest EPS estimate coming in at $0.22 and the highest estimate coming in at $0.28. Compass Diversified posted earnings per share of ($0.09) during the same quarter last year, which indicates a positive year-over-year growth rate of 366.7%. The firm is expected to announce its next earnings results on Wednesday, May 1st.
According to Zacks, analysts expect that Compass Diversified will report full year earnings of $1.71 per share for the current financial year, with EPS estimates ranging from $1.70 to $1.72. For the next fiscal year, analysts expect that the firm will report earnings of $1.93 per share, with EPS estimates ranging from $1.88 to $1.98. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Compass Diversified.
Compass Diversified (NYSE:CODI) last issued its quarterly earnings results on Wednesday, February 27th. The financial services provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.05). The firm had revenue of $452.52 million for the quarter, compared to the consensus estimate of $440.80 million. Compass Diversified had a negative net margin of 0.30% and a positive return on equity of 5.13%.
Separately, Zacks Investment Research upgraded shares of Compass Diversified from a “strong sell” rating to a “hold” rating in a report on Thursday, March 14th.
NYSE:CODI traded down $0.47 during mid-day trading on Friday, hitting $16.24. 130 shares of the stock traded hands, compared to its average volume of 131,074. The company has a market capitalization of $972.18 million, a price-to-earnings ratio of 11.27 and a beta of 0.96. Compass Diversified has a 52 week low of $11.60 and a 52 week high of $18.35. The company has a current ratio of 2.63, a quick ratio of 1.40 and a debt-to-equity ratio of 1.51.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 18th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, April 17th. This represents a $1.44 annualized dividend and a yield of 8.87%. Compass Diversified’s payout ratio is 100.00%.
A number of large investors have recently modified their holdings of CODI. ERTS Wealth Advisors LLC acquired a new stake in Compass Diversified in the 4th quarter valued at about $28,000. Next Capital Management LLC purchased a new stake in Compass Diversified in the 4th quarter worth $48,000. Great West Life Assurance Co. Can lifted its stake in Compass Diversified by 11.2% in the 4th quarter. Great West Life Assurance Co. Can now owns 7,539 shares of the financial services provider’s stock worth $90,000 after purchasing an additional 762 shares in the last quarter. Cranbrook Wealth Management LLC lifted its stake in Compass Diversified by 57.9% in the 4th quarter. Cranbrook Wealth Management LLC now owns 8,179 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Quad Cities Investment Group LLC lifted its stake in Compass Diversified by 2,500.0% in the 1st quarter. Quad Cities Investment Group LLC now owns 7,800 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 7,500 shares in the last quarter. Institutional investors own 33.33% of the company’s stock.
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, business services sector, safety & security, electronic components, food, foodservice.
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