What is B. Riley’s Forecast for CompoSecure FY2024 Earnings?

CompoSecure, Inc. (NASDAQ:CMPO) – B. Riley dropped their FY2024 earnings estimates for CompoSecure in a report released on Monday, November 11th. B. Riley analyst H. Goetsch now anticipates that the company will post earnings per share of $1.03 for the year, down from their prior estimate of $1.09. B. Riley currently has a “Buy” rating and a $23.00 price objective on the stock. The consensus estimate for CompoSecure’s current full-year earnings is $1.02 per share. B. Riley also issued estimates for CompoSecure’s Q4 2024 earnings at $0.24 EPS and FY2025 earnings at $1.08 EPS.

A number of other analysts have also weighed in on the stock. Benchmark reiterated a “buy” rating and issued a $17.00 price objective on shares of CompoSecure in a research note on Tuesday. Lake Street Capital lifted their price objective on CompoSecure from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Bank of America upped their target price on CompoSecure from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. lifted their price target on CompoSecure from $8.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Finally, Needham & Company LLC restated a “buy” rating and issued a $16.00 price objective on shares of CompoSecure in a research report on Monday. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, CompoSecure currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.79.

CompoSecure Trading Down 3.5 %

Shares of NASDAQ:CMPO opened at $13.73 on Wednesday. CompoSecure has a twelve month low of $4.61 and a twelve month high of $16.14. The company’s 50 day moving average is $13.98 and its 200 day moving average is $10.03.

CompoSecure (NASDAQ:CMPO) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. The firm had revenue of $107.14 million for the quarter, compared to analyst estimates of $105.11 million. During the same period in the prior year, the firm posted $0.24 EPS.

Institutional Trading of CompoSecure

A number of institutional investors have recently made changes to their positions in the company. FMR LLC raised its stake in CompoSecure by 693.0% in the 3rd quarter. FMR LLC now owns 5,900 shares of the company’s stock valued at $83,000 after purchasing an additional 5,156 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of CompoSecure during the third quarter worth $417,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of CompoSecure in the third quarter valued at about $140,000. Charles Schwab Investment Management Inc. lifted its stake in shares of CompoSecure by 46.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 69,162 shares of the company’s stock worth $970,000 after buying an additional 21,793 shares in the last quarter. Finally, Islay Capital Management LLC acquired a new position in CompoSecure during the third quarter worth about $633,000. 37.56% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CompoSecure

In other news, insider Adam Joseph Lowe sold 5,730 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $12.05, for a total transaction of $69,046.50. Following the completion of the transaction, the insider now directly owns 1,292,219 shares of the company’s stock, valued at $15,571,238.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider Adam Joseph Lowe sold 5,730 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $12.05, for a total transaction of $69,046.50. Following the completion of the sale, the insider now owns 1,292,219 shares of the company’s stock, valued at $15,571,238.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jonathan Wilk sold 618,014 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total transaction of $4,666,005.70. Following the transaction, the chief executive officer now owns 618,013 shares of the company’s stock, valued at approximately $4,665,998.15. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,641,727 shares of company stock valued at $80,370,824. Company insiders own 74.99% of the company’s stock.

CompoSecure Company Profile

CompoSecure, Inc manufactures and designs metal, composite, 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 supports specific digital assets, including Bitcoin, Ethereum, non-fungible tokens and others.