Compass Diversified Holdings (CODI) Earning Somewhat Favorable News Coverage, Analysis Finds
Media stories about Compass Diversified Holdings (NYSE:CODI) have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Compass Diversified Holdings earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 45.5635237127917 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Compass Diversified Holdings (NYSE CODI) traded up 0.89% during trading on Monday, reaching $17.00. The company’s stock had a trading volume of 100,697 shares. The stock’s market capitalization is $1.02 billion. The firm’s 50-day moving average is $17.24 and its 200-day moving average is $16.84. Compass Diversified Holdings has a 12-month low of $15.90 and a 12-month high of $19.50.
Compass Diversified Holdings (NYSE:CODI) last released its earnings results on Wednesday, August 2nd. The financial services provider reported ($0.53) EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.90. The firm had revenue of $307.38 million for 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 for the quarter was up 43.5% compared to the same quarter last year. During the same period last year, the firm earned $0.33 EPS. Equities analysts expect that Compass Diversified Holdings will post $1.60 earnings per share for the current year.
A number of brokerages have weighed in on CODI. Jefferies Group LLC reissued a “buy” rating and issued a $20.00 target price on shares of Compass Diversified Holdings in a research report on Friday, July 14th. TheStreet raised Compass Diversified Holdings from a “c+” rating to a “b” rating in a research report on Friday, July 7th. ValuEngine lowered Compass Diversified Holdings from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. BidaskClub raised Compass Diversified Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Finally, Zacks Investment Research raised Compass Diversified Holdings from a “strong sell” rating to a “hold” rating in a research report on Monday, August 7th. Two investment 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 company currently has an average rating of “Hold” and a consensus price target of $19.50.
In related news, insider Alan B. Offenberg purchased 60,000 shares of Compass Diversified Holdings stock in a transaction that occurred on Thursday, June 22nd. The stock was bought at an average cost of $16.84 per share, for a total transaction of $1,010,400.00. Following the completion of the transaction, the insider now owns 500,852 shares in the company, valued at $8,434,347.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the stock is currently owned by company insiders.
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.
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