Compass Diversified Holdings (CODI) Expected to Post Earnings of $0.24 Per Share
Brokerages expect Compass Diversified Holdings (NYSE:CODI) to report $0.24 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Compass Diversified’s earnings, with estimates ranging from $0.22 to $0.28. Compass Diversified reported earnings per share of ($0.09) during the same quarter last year, which would suggest a positive year over year growth rate of 366.7%. The firm is scheduled to announce its next earnings report on Wednesday, May 1st.
According to Zacks, analysts expect that Compass Diversified will report full year earnings of $1.71 per share for the current year, with EPS estimates ranging from $1.70 to $1.72. For the next year, analysts expect that the firm will post earnings of $1.93 per share, with EPS estimates ranging from $1.88 to $1.98. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Compass Diversified.
Compass Diversified (NYSE:CODI) last issued its quarterly earnings results on Wednesday, February 27th. The financial services provider reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.05). Compass Diversified had a positive return on equity of 5.13% and a negative net margin of 0.30%. The company had revenue of $452.52 million during the quarter, compared to the consensus estimate of $440.80 million.
Shares of CODI traded down $0.47 during mid-day trading on Friday, reaching $16.24. The company had a trading volume of 130 shares, compared to its average volume of 131,074. The company has a quick ratio of 1.40, a current ratio of 2.63 and a debt-to-equity ratio of 1.51. Compass Diversified has a 52 week low of $11.60 and a 52 week high of $18.35. The stock has a market cap of $972.18 million, a P/E ratio of 11.27 and a beta of 0.96.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 18th will be given a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, April 17th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 8.87%. Compass Diversified’s dividend payout ratio is currently 100.00%.
Several institutional investors and hedge funds have recently modified their holdings of the company. ERTS Wealth Advisors LLC bought a new position in Compass Diversified in the 4th quarter valued at approximately $28,000. Next Capital Management LLC bought a new position in Compass Diversified in the 4th quarter valued at approximately $48,000. Great West Life Assurance Co. Can lifted its position in Compass Diversified by 11.2% in the 4th quarter. Great West Life Assurance Co. Can now owns 7,539 shares of the financial services provider’s stock valued at $90,000 after acquiring an additional 762 shares in the last quarter. Quad Cities Investment Group LLC lifted its position in Compass Diversified by 2,500.0% in the 1st quarter. Quad Cities Investment Group LLC now owns 7,800 shares of the financial services provider’s stock valued at $124,000 after acquiring an additional 7,500 shares in the last quarter. Finally, Cranbrook Wealth Management LLC lifted its position in Compass Diversified by 57.9% in the 4th quarter. Cranbrook Wealth Management LLC now owns 8,179 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 3,000 shares in the last quarter. 33.33% of the stock is currently owned by hedge funds and other 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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