Research Analysts Set Expectations for CompoSecure, Inc.’s FY2024 Earnings (NASDAQ:CMPO)

CompoSecure, Inc. (NASDAQ:CMPO – Get Rating) – Investment analysts at B. Riley issued their FY2024 earnings estimates for shares of CompoSecure in a research note issued to investors on Tuesday, May 16th. B. Riley analyst H. Goetsch anticipates that the company will post earnings per share of $1.25 for the year. B. Riley currently has a “Buy” rating on the stock. The consensus estimate for CompoSecure’s current full-year earnings is $1.02 per share.

Several other equities research analysts have also issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $15.00 target price on shares of CompoSecure in a report on Thursday, March 2nd. Compass Point began coverage on shares of CompoSecure in a research note on Friday, March 3rd. They issued a “buy” rating and a $15.00 target price for the company. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CompoSecure presently has an average rating of “Buy” and a consensus target price of $12.25.

CompoSecure Trading Down 0.4 %

Shares of CMPO stock opened at $7.28 on Thursday. CompoSecure has a 12 month low of $4.26 and a 12 month high of $7.94. The stock has a market cap of $570.68 million, a P/E ratio of 7.66 and a beta of 0.85. The company has a 50 day simple moving average of $7.32 and a two-hundred day simple moving average of $6.15.

CompoSecure (NASDAQ:CMPO – Get Rating) last announced its quarterly earnings results on Wednesday, March 1st. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.03). The company had revenue of $93.79 million for the quarter, compared to analysts’ expectations of $92.37 million. CompoSecure had a net margin of 4.07% and a negative return on equity of 4.30%.

Institutional Trading of CompoSecure

A number of institutional investors and hedge funds have recently bought and sold shares of the business. UBS Group AG increased its position in CompoSecure by 46.3% in the first quarter. UBS Group AG now owns 5,289 shares of the company’s stock worth $39,000 after buying an additional 1,673 shares during the period. JPMorgan Chase & Co. raised its stake in shares of CompoSecure by 37.7% during the 1st quarter. JPMorgan Chase & Co. now owns 6,257 shares of the company’s stock worth $46,000 after purchasing an additional 1,714 shares in the last quarter. Deutsche Bank AG raised its stake in shares of CompoSecure by 53.9% in the 1st quarter. Deutsche Bank AG now owns 4,952 shares of the company’s stock valued at $36,000 after acquiring an additional 1,735 shares in the last quarter. Barclays PLC increased its position in CompoSecure by 20.8% in the 1st quarter. Barclays PLC now owns 11,640 shares of the company’s stock worth $86,000 after buying an additional 2,001 shares during the period. Finally, State Street Corp grew its holdings in shares of CompoSecure by 2.0% during the 1st quarter. State Street Corp now owns 119,366 shares of the company’s stock worth $879,000 after purchasing an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 31.77% of the company’s stock.

CompoSecure Company Profile

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CompoSecure, Inc manufactures and designs metal, plastic, composite ID, and proprietary financial transaction cards in the United States and internationally. Its primary metal form factors include embedded, metal veneer lite, metal veneer, and full metal products. The company also offers Arculus Cold Storage Wallet, a three-factor authentication solution, which comprise the Arculus Key card Cold Storage hardware device and companion Arculus Wallet mobile App to keep the Private Key in the Arculus Key card highly secure and store cryptocurrency and digital assets.