Zacks: Brokerages Anticipate Compass Diversified Holdings (CODI) Will Announce Quarterly Sales of $353.20 Million
Brokerages expect that Compass Diversified Holdings (NYSE:CODI) will announce sales of $353.20 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Compass Diversified’s earnings, with the highest sales estimate coming in at $365.37 million and the lowest estimate coming in at $345.81 million. Compass Diversified reported sales of $318.56 million during the same quarter last year, which would suggest a positive year over year growth rate of 10.9%. The company is scheduled to issue its next earnings report on Wednesday, March 7th.
On average, analysts expect that Compass Diversified will report full-year sales of $353.20 million for the current year, with estimates ranging from $1.27 billion to $1.29 billion. For the next year, analysts anticipate that the company will report sales of $1.37 billion per share, with estimates ranging from $1.36 billion to $1.40 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Compass Diversified.
A number of equities analysts recently commented on CODI shares. BidaskClub upgraded Compass Diversified from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Zacks Investment Research downgraded Compass Diversified from a “hold” rating to a “strong sell” rating in a research report on Monday, November 13th. Three research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $19.50.
A number of hedge funds have recently bought and sold shares of the business. Royal Bank of Canada increased its stake in Compass Diversified by 2.4% during the second quarter. Royal Bank of Canada now owns 8,687,327 shares of the financial services provider’s stock worth $151,591,000 after acquiring an additional 205,723 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Compass Diversified by 4.4% in the third quarter. American Century Companies Inc. now owns 2,298,112 shares of the financial services provider’s stock valued at $40,791,000 after buying an additional 97,521 shares in the last quarter. Northern Trust Corp grew its stake in shares of Compass Diversified by 1.4% in the second quarter. Northern Trust Corp now owns 817,674 shares of the financial services provider’s stock valued at $14,268,000 after buying an additional 11,519 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Compass Diversified by 2.3% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 339,908 shares of the financial services provider’s stock valued at $6,033,000 after buying an additional 7,654 shares in the last quarter. Finally, Gilman Hill Asset Management LLC grew its stake in shares of Compass Diversified by 2.3% in the third quarter. Gilman Hill Asset Management LLC now owns 227,982 shares of the financial services provider’s stock valued at $4,047,000 after buying an additional 5,100 shares in the last quarter. 33.43% of the stock is owned by institutional investors.
Compass Diversified (NYSE:CODI) opened at $16.75 on Wednesday. Compass Diversified has a 1 year low of $15.90 and a 1 year high of $19.50. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.41 and a quick ratio of 1.26.
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Compass Diversified 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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