Wall Street analysts expect Compass Diversified Holdings (NYSE:CODI) to announce $0.43 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Compass Diversified’s earnings. The lowest EPS estimate is $0.39 and the highest is $0.46. Compass Diversified reported earnings of $0.36 per share in the same quarter last year, which indicates a positive year over year growth rate of 19.4%. The firm is scheduled to report its next quarterly earnings report on Wednesday, February 26th.
On average, analysts expect that Compass Diversified will report full-year earnings of $1.65 per share for the current year, with EPS estimates ranging from $1.62 to $1.68. For the next fiscal year, analysts forecast that the business will post earnings of $1.74 per share, with EPS estimates ranging from $1.59 to $1.80. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Compass Diversified.
Compass Diversified (NYSE:CODI) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.04). The firm had revenue of $388.31 million during the quarter, compared to analyst estimates of $372.47 million. Compass Diversified had a return on equity of 11.22% and a net margin of 18.42%.
Shares of CODI opened at $25.00 on Friday. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 17.36 and a beta of 1.18. The stock has a 50 day moving average of $24.50 and a 200-day moving average of $20.87. The company has a current ratio of 3.46, a quick ratio of 2.16 and a debt-to-equity ratio of 0.77. Compass Diversified has a 52 week low of $13.75 and a 52 week high of $26.37.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 16th will be given a dividend of $0.36 per share. The ex-dividend date is Wednesday, January 15th. This represents a $1.44 dividend on an annualized basis and a yield of 5.76%. Compass Diversified’s dividend payout ratio (DPR) is presently 100.00%.
In other news, insider Gordon M. Burns sold 99,471 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $24.45, for a total value of $2,432,065.95. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Sarah Gaines Mccoy acquired 3,897 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was purchased at an average cost of $25.58 per share, for a total transaction of $99,685.26. Following the purchase, the insider now directly owns 16,103 shares in the company, valued at approximately $411,914.74. The disclosure for this purchase can be found here. Insiders bought a total of 40,165 shares of company stock worth $902,252 in the last three months. Company insiders own 3.70% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp grew its holdings in shares of Compass Diversified by 14.7% during the third quarter. State Street Corp now owns 62,886 shares of the financial services provider’s stock valued at $1,239,000 after buying an additional 8,070 shares in the last quarter. First Allied Advisory Services Inc. boosted its stake in Compass Diversified by 12.8% in the 3rd quarter. First Allied Advisory Services Inc. now owns 20,176 shares of the financial services provider’s stock worth $397,000 after purchasing an additional 2,283 shares in the last quarter. D.A. Davidson & CO. boosted its stake in Compass Diversified by 5.4% in the 3rd quarter. D.A. Davidson & CO. now owns 73,959 shares of the financial services provider’s stock worth $1,458,000 after purchasing an additional 3,760 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in Compass Diversified in the 3rd quarter worth approximately $178,000. Finally, Alps Advisors Inc. boosted its stake in Compass Diversified by 720.3% in the 3rd quarter. Alps Advisors Inc. now owns 113,200 shares of the financial services provider’s stock worth $2,231,000 after purchasing an additional 99,400 shares in the last quarter. 30.08% of the stock is currently owned by institutional investors.
Compass Diversified Company Profile
Compass Diversified Holdings LLC is a private equity firm specializing in acquisitions, buyouts, industry consolidation, recapitalization, and middle market investments. It seeks to invest in niche industrial or branded consumer companies, manufacturing, distribution, consumer products, business services sector, safety & security, electronic components, food, foodservice.
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