Wall Street brokerages expect Compass Diversified Holdings (NYSE:CODI) to post sales of $348.42 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Compass Diversified Holdings’ earnings, with the lowest sales estimate coming in at $346.10 million and the highest estimate coming in at $350.93 million. Compass Diversified Holdings reported sales of $252.29 million during the same quarter last year, which indicates a positive year-over-year growth rate of 38.1%. The company is scheduled to report its next quarterly earnings report on Wednesday, November 1st.

On average, analysts expect that Compass Diversified Holdings will report full-year sales of $348.42 million for the current financial year, with estimates ranging from $1.31 billion to $1.33 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.42 billion per share, with estimates ranging from $1.40 billion to $1.44 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Compass Diversified Holdings.

Compass Diversified Holdings (NYSE:CODI) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported ($0.53) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.90). The company had revenue of $307.38 million for the quarter, compared to the consensus estimate of $302.86 million. Compass Diversified Holdings had a return on equity of 6.42% and a net margin of 2.20%. The firm’s revenue for the quarter was up 43.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.33 earnings per share.

Several equities analysts have recently commented on the stock. BidaskClub downgraded shares of Compass Diversified Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Zacks Investment Research raised shares of Compass Diversified Holdings from a “strong sell” rating to a “hold” rating in a research note on Monday, August 7th. Jefferies Group LLC reaffirmed a “buy” rating and set a $20.00 price objective on shares of Compass Diversified Holdings in a research note on Thursday, June 8th. TheStreet raised shares of Compass Diversified Holdings from a “c+” rating to a “b” rating in a research note on Friday, July 7th. Finally, ValuEngine downgraded shares of Compass Diversified Holdings from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $19.50.

Compass Diversified Holdings (NYSE:CODI) opened at 17.10 on Thursday. The company’s 50-day moving average price is $17.16 and its 200 day moving average price is $16.86. The company’s market capitalization is $1.02 billion. Compass Diversified Holdings has a 12 month low of $15.90 and a 12 month high of $19.50.

Several hedge funds and other institutional investors have recently made changes to their positions in CODI. IFP Advisors Inc increased its position in shares of Compass Diversified Holdings by 0.3% during the second quarter. IFP Advisors Inc now owns 6,575 shares of the financial services provider’s stock valued at $115,000 after buying an additional 17 shares during the period. Wedbush Securities Inc. increased its position in shares of Compass Diversified Holdings by 6.2% during the second quarter. Wedbush Securities Inc. now owns 11,667 shares of the financial services provider’s stock valued at $204,000 after buying an additional 676 shares during the period. First Allied Advisory Services Inc. increased its position in shares of Compass Diversified Holdings by 2.0% during the second quarter. First Allied Advisory Services Inc. now owns 12,673 shares of the financial services provider’s stock valued at $220,000 after buying an additional 254 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Compass Diversified Holdings by 2.3% during the first quarter. Envestnet Asset Management Inc. now owns 13,318 shares of the financial services provider’s stock valued at $221,000 after buying an additional 305 shares during the period. Finally, Raymond James Trust N.A. purchased a new position in shares of Compass Diversified Holdings during the second quarter valued at about $228,000. Institutional investors own 33.17% of the company’s stock.

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About Compass Diversified Holdings

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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