Compass Diversified (NYSE:CODI) Expected to Announce Earnings of $0.42 Per Share

Equities analysts expect that Compass Diversified (NYSE:CODIGet Rating) will post earnings per share of $0.42 for the current quarter, according to Zacks. Five analysts have made estimates for Compass Diversified’s earnings. The highest EPS estimate is $0.45 and the lowest is $0.40. Compass Diversified reported earnings per share of $0.56 during the same quarter last year, which would indicate a negative year over year growth rate of 25%. The business is expected to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Compass Diversified will report full year earnings of $1.88 per share for the current financial year, with EPS estimates ranging from $1.87 to $1.90. For the next financial year, analysts expect that the firm will post earnings of $2.06 per share, with EPS estimates ranging from $1.94 to $2.22. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Compass Diversified.

Compass Diversified (NYSE:CODIGet Rating) last released its quarterly earnings data on Thursday, May 5th. The financial services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.04). The firm had revenue of $510.51 million for the quarter, compared to analysts’ expectations of $481.25 million. Compass Diversified had a return on equity of 17.86% and a net margin of 5.90%.

A number of research analysts have recently issued reports on the company. StockNews.com assumed coverage on Compass Diversified in a report on Thursday, March 31st. They issued a “hold” rating on the stock. TheStreet downgraded Compass Diversified from a “b-” rating to a “c+” rating in a report on Wednesday, March 23rd. Zacks Investment Research upgraded Compass Diversified from a “sell” rating to a “hold” rating and set a $25.00 price target on the stock in a report on Wednesday, May 11th. Finally, B. Riley assumed coverage on Compass Diversified in a report on Friday, April 8th. They issued a “buy” rating and a $33.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.00.

Shares of NYSE:CODI opened at $25.25 on Friday. Compass Diversified has a 12-month low of $20.30 and a 12-month high of $33.31. The business’s fifty day simple moving average is $22.87 and its 200-day simple moving average is $25.44. The company has a market capitalization of $1.77 billion, a PE ratio of 38.85, a P/E/G ratio of 1.54 and a beta of 1.79. The company has a current ratio of 3.23, a quick ratio of 1.50 and a debt-to-equity ratio of 1.29.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 28th. Investors of record on Thursday, April 21st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, April 20th. This represents a $1.00 annualized dividend and a yield of 3.96%. Compass Diversified’s dividend payout ratio (DPR) is 153.85%.

A number of institutional investors and hedge funds have recently modified their holdings of CODI. Morgan Stanley lifted its position in Compass Diversified by 12.3% during the 2nd quarter. Morgan Stanley now owns 757,290 shares of the financial services provider’s stock worth $19,311,000 after acquiring an additional 83,084 shares during the period. Barclays PLC lifted its position in Compass Diversified by 709.9% during the 3rd quarter. Barclays PLC now owns 8,901 shares of the financial services provider’s stock worth $251,000 after acquiring an additional 7,802 shares during the period. Alliancebernstein L.P. acquired a new position in shares of Compass Diversified in the 3rd quarter valued at about $202,000. Goldman Sachs Group Inc. lifted its holdings in shares of Compass Diversified by 125.9% in the 3rd quarter. Goldman Sachs Group Inc. now owns 169,304 shares of the financial services provider’s stock valued at $4,769,000 after buying an additional 94,343 shares during the period. Finally, Gabelli Funds LLC acquired a new position in shares of Compass Diversified in the 3rd quarter valued at about $282,000. 38.53% of the stock is owned by institutional investors.

About Compass Diversified (Get Rating)

Compass Diversified is a private equity firm specializing in add on acquisitions, buyouts, industry consolidation, recapitalization, late stage 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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