Brokerages expect Compass Diversified Holdings (NYSE:CODI) to post earnings of $0.48 per share for the current quarter, Zacks reports. Three analysts have provided estimates for Compass Diversified Holdings’ earnings. The highest EPS estimate is $0.53 and the lowest is $0.45. Compass Diversified Holdings reported earnings per share of $0.72 in the same quarter last year, which indicates a negative year over year growth rate of 33.3%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, November 1st.

On average, analysts expect that Compass Diversified Holdings will report full year earnings of $1.62 per share for the current financial year, with EPS estimates ranging from $1.61 to $1.63. For the next fiscal year, analysts forecast that the business will post earnings of $1.74 per share, with EPS estimates ranging from $1.67 to $1.79. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow 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 consensus estimate of $0.37 by ($0.90). Compass Diversified Holdings had a net margin of 2.20% and a return on equity of 6.42%. The company had revenue of $307.38 million for the quarter, compared to the consensus estimate of $302.86 million. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The company’s revenue for the quarter was up 43.5% compared to the same quarter last year.

CODI has been the subject of several recent analyst reports. TheStreet upgraded Compass Diversified Holdings from a “c+” rating to a “b” rating in a research note on Friday, July 7th. BidaskClub upgraded Compass Diversified Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Jefferies Group LLC restated a “buy” rating and issued a $20.00 price target on shares of Compass Diversified Holdings in a research note on Friday, July 14th. Zacks Investment Research upgraded Compass Diversified Holdings from a “strong sell” rating to a “hold” rating in a research note on Monday, August 7th. Finally, ValuEngine downgraded Compass Diversified Holdings from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Three investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $19.50.

Several hedge funds and other institutional investors have recently bought and sold shares of CODI. Ameriprise Financial Inc. boosted its position in shares of Compass Diversified Holdings by 21.4% during the 1st quarter. Ameriprise Financial Inc. now owns 31,474 shares of the financial services provider’s stock valued at $522,000 after acquiring an additional 5,556 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Compass Diversified Holdings by 2.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 13,318 shares of the financial services provider’s stock valued at $221,000 after acquiring an additional 305 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Compass Diversified Holdings by 6.7% during the 1st quarter. Legal & General Group Plc now owns 128,323 shares of the financial services provider’s stock valued at $2,133,000 after acquiring an additional 8,029 shares during the last quarter. UBS Group AG boosted its position in shares of Compass Diversified Holdings by 11.9% during the 1st quarter. UBS Group AG now owns 145,244 shares of the financial services provider’s stock valued at $2,411,000 after acquiring an additional 15,480 shares during the last quarter. Finally, Morgan Stanley boosted its position in shares of Compass Diversified Holdings by 1.5% during the 1st quarter. Morgan Stanley now owns 483,861 shares of the financial services provider’s stock valued at $8,033,000 after acquiring an additional 7,296 shares during the last quarter. Hedge funds and other institutional investors own 33.20% of the company’s stock.

WARNING: “Compass Diversified Holdings (CODI) Expected to Announce Earnings of $0.48 Per Share” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright law. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/27/compass-diversified-holdings-codi-expected-to-announce-earnings-of-0-48-per-share.html.

Shares of Compass Diversified Holdings (NYSE:CODI) opened at 17.40 on Friday. The firm’s 50-day moving average is $17.50 and its 200 day moving average is $17.09. Compass Diversified Holdings has a 12 month low of $15.90 and a 12 month high of $19.50. The company’s market capitalization is $1.04 billion.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 26th. Stockholders of record on Thursday, October 19th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, October 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 8.28%. Compass Diversified Holdings’s dividend payout ratio is currently -276.92%.

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.

Get a free copy of the Zacks research report on Compass Diversified Holdings (CODI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Compass Diversified Holdings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compass Diversified Holdings and related companies with MarketBeat.com's FREE daily email newsletter.