Compass Diversified (CODI) Set to Announce Quarterly Earnings on Wednesday

Compass Diversified (NYSE:CODI) will be posting its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Compass Diversified to post earnings of $0.41 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Compass Diversified (NYSE:CODI) last announced its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.09). The business had revenue of $566.99 million during the quarter, compared to analysts’ expectations of $581.07 million. Compass Diversified had a net margin of 9.43% and a return on equity of 11.93%. On average, analysts expect Compass Diversified to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Compass Diversified Stock Performance

Compass Diversified stock opened at $22.62 on Monday. The company has a quick ratio of 2.76, a current ratio of 5.13 and a debt-to-equity ratio of 1.37. The firm has a fifty day simple moving average of $23.36 and a two-hundred day simple moving average of $21.66. The company has a market capitalization of $1.70 billion, a PE ratio of 9.79 and a beta of 1.72. Compass Diversified has a twelve month low of $16.88 and a twelve month high of $25.07.

Compass Diversified Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, April 18th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend was Wednesday, April 17th. Compass Diversified’s payout ratio is 43.29%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. William Blair reissued an “outperform” rating on shares of Compass Diversified in a research report on Wednesday, March 6th. Oppenheimer raised their price objective on Compass Diversified from $21.00 to $23.00 and gave the company a “market perform” rating in a research report on Tuesday, March 5th. Finally, Bank of America upped their target price on shares of Compass Diversified from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th.

Insider Buying and Selling at Compass Diversified

In related news, insider Patrick A. Maciariello purchased 10,000 shares of the stock in a transaction dated Wednesday, January 31st. The stock was purchased at an average price of $22.35 per share, with a total value of $223,500.00. Following the transaction, the insider now directly owns 211,018 shares in the company, valued at $4,716,252.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Compass Diversified news, major shareholder Cgi Magyar Holdings Llc sold 7,510 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $24.92, for a total transaction of $187,149.20. Following the sale, the insider now directly owns 7,991,471 shares in the company, valued at approximately $199,147,457.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Patrick A. Maciariello bought 10,000 shares of Compass Diversified stock in a transaction on Wednesday, January 31st. The stock was acquired at an average cost of $22.35 per share, with a total value of $223,500.00. Following the acquisition, the insider now owns 211,018 shares in the company, valued at approximately $4,716,252.30. The disclosure for this purchase can be found here. 2.40% of the stock is owned by company insiders.

Compass Diversified Company Profile

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, healthcare, safety & security, electronic components, food and foodservice.