Compass Diversified Holdings (CODI) to Release Earnings on Tuesday
Compass Diversified Holdings (NYSE:CODI) is scheduled to be releasing its earnings data after the market closes on Tuesday, October 31st.
Compass Diversified Holdings (NYSE:CODI) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.90). The firm had revenue of $307.38 million during the quarter, compared to analyst estimates of $302.86 million. Compass Diversified Holdings had a return on equity of 6.42% and a net margin of 2.20%. The company’s revenue was up 43.5% on a year-over-year basis. During the same quarter last year, the company posted $0.33 EPS. On average, analysts expect Compass Diversified Holdings to post $1.62 EPS for the current fiscal year and $1.74 EPS for the next fiscal year.
Compass Diversified Holdings (NYSE:CODI) opened at 17.40 on Tuesday. The firm’s market cap is $1.04 billion. Compass Diversified Holdings has a 12 month low of $15.90 and a 12 month high of $19.50. The firm has a 50 day moving average of $17.49 and a 200-day moving average of $17.08.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Thursday, October 19th will be given a $0.36 dividend. The ex-dividend date is Wednesday, October 18th. This represents a $1.44 annualized dividend and a yield of 8.28%. Compass Diversified Holdings’s dividend payout ratio (DPR) is currently -276.92%.
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Several research analysts recently commented on CODI shares. BidaskClub raised Compass Diversified Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Zacks Investment Research cut Compass Diversified Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 3rd. TheStreet raised Compass Diversified Holdings from a “c+” rating to a “b” rating in a research report on Friday, July 7th. ValuEngine cut Compass Diversified Holdings from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $20.00 price objective on shares of Compass Diversified Holdings in a report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $19.50.
A hedge fund recently raised its stake in Compass Diversified Holdings stock. State Street Corp raised its stake in shares of Compass Diversified Holdings (NYSE:CODI) by 0.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 66,276 shares of the financial services provider’s stock after acquiring an additional 276 shares during the quarter. State Street Corp owned approximately 0.11% of Compass Diversified Holdings worth $1,157,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 33.20% of the company’s stock.
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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