Analysts Anticipate Compass Diversified Holdings (CODI) Will Post Earnings of $0.37 Per Share
Equities research analysts expect that Compass Diversified Holdings (NYSE:CODI) will announce $0.37 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Compass Diversified Holdings’ earnings. The highest EPS estimate is $0.40 and the lowest is $0.32. Compass Diversified Holdings posted earnings of $0.33 per share during the same quarter last year, which indicates a positive year over year growth rate of 12.1%. The business is expected to report its next quarterly earnings results after the market closes on Wednesday, August 2nd.
According to Zacks, analysts expect that Compass Diversified Holdings will report full year earnings of $1.51 per share for the current financial year, with EPS estimates ranging from $1.46 to $1.56. For the next year, analysts anticipate that the firm will post earnings of $1.66 per share, with EPS estimates ranging from $1.55 to $1.76. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Compass Diversified Holdings.
Several equities analysts have recently issued reports on the company. Jefferies Group LLC reiterated a “buy” rating and issued a $20.00 price target on shares of Compass Diversified Holdings in a research note on Friday, July 14th. BidaskClub lowered Compass Diversified Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. TheStreet upgraded Compass Diversified Holdings from a “c+” rating to a “b” rating in a research note on Friday, July 7th. Finally, Zacks Investment Research upgraded Compass Diversified Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, June 7th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Compass Diversified Holdings currently has a consensus rating of “Buy” and a consensus target price of $19.25.
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Compass Diversified Holdings (CODI) opened at 17.40 on Wednesday. The stock’s 50 day moving average price is $17.06 and its 200 day moving average price is $16.91. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 112.26 and a beta of 0.57. Compass Diversified Holdings has a 52 week low of $15.90 and a 52 week high of $19.50.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 27th. Investors of record on Thursday, July 20th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 8.28%. The ex-dividend date is Tuesday, July 18th. Compass Diversified Holdings’s dividend payout ratio (DPR) is 423.53%.
In other news, insider Alan B. Offenberg acquired 60,000 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The shares were bought at an average price of $16.84 per share, with a total value of $1,010,400.00. Following the acquisition, the insider now directly owns 500,852 shares in the company, valued at approximately $8,434,347.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ryan J. Faulkingham acquired 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The shares were purchased at an average cost of $16.20 per share, for a total transaction of $48,600.00. Following the acquisition, the insider now owns 3,900 shares in the company, valued at $63,180. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 96,000 shares of company stock worth $1,591,920. 2.40% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. purchased a new stake in Compass Diversified Holdings during the fourth quarter valued at $1,125,000. Renaissance Technologies LLC increased its position in shares of Compass Diversified Holdings by 76.1% in the fourth quarter. Renaissance Technologies LLC now owns 380,179 shares of the financial services provider’s stock valued at $6,805,000 after buying an additional 164,236 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Compass Diversified Holdings by 24.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 13,013 shares of the financial services provider’s stock valued at $233,000 after buying an additional 2,527 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Compass Diversified Holdings by 1.9% in the first quarter. Janney Montgomery Scott LLC now owns 165,849 shares of the financial services provider’s stock valued at $2,753,000 after buying an additional 3,070 shares during the last quarter. Finally, IFP Advisors Inc increased its position in shares of Compass Diversified Holdings by 21.2% in the first quarter. IFP Advisors Inc now owns 6,558 shares of the financial services provider’s stock valued at $109,000 after buying an additional 1,145 shares during the last quarter. 37.26% of the stock is currently owned by institutional investors.
Compass Diversified Holdings Company Profile
Compass Diversified Holdings (the Trust) and Compass Group Diversified Holdings, LLC, (the Company), acquires and manages small and middle-market businesses. The Company operates through segments include Acquisition Corp. (5.11 Tactical), The Ergo Baby Carrier, Inc (Ergobaby), Liberty Safe and Security Products, Inc (Liberty), Fresh Hemp Foods Ltd.
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