Compass Diversified (CODI) Scheduled to Post Quarterly Earnings on Wednesday

Compass Diversified (NYSE:CODI) will be announcing its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.41 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Compass Diversified (NYSE:CODI) last posted its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.09). Compass Diversified had a net margin of 9.43% and a return on equity of 11.93%. The company had revenue of $566.99 million for the quarter, compared to analysts’ expectations of $581.07 million. On average, analysts expect Compass Diversified to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Compass Diversified Trading Down 0.4 %

Shares of CODI stock opened at $22.53 on Tuesday. The company has a current ratio of 5.13, a quick ratio of 2.76 and a debt-to-equity ratio of 1.37. The business’s 50 day moving average is $23.35 and its two-hundred day moving average is $21.68. Compass Diversified has a twelve month low of $16.88 and a twelve month high of $25.07. The company has a market capitalization of $1.70 billion, a P/E ratio of 9.75 and a beta of 1.72.

Compass Diversified Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, April 18th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, April 17th. This represents a $1.00 annualized dividend and a yield of 4.44%. Compass Diversified’s dividend payout ratio is currently 43.29%.

Analyst Ratings Changes

CODI has been the topic of several analyst reports. Oppenheimer lifted their target price on shares of Compass Diversified from $21.00 to $23.00 and gave the company a “market perform” rating in a report on Tuesday, March 5th. William Blair reaffirmed an “outperform” rating on shares of Compass Diversified in a report on Wednesday, March 6th. Finally, Bank of America increased their target price on Compass Diversified from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th.

Insiders Place Their Bets

In related news, insider Patrick A. Maciariello bought 10,000 shares of Compass Diversified stock in a transaction that occurred on Wednesday, January 31st. The shares were purchased at an average price of $22.35 per share, with a total value of $223,500.00. Following the purchase, the insider now owns 211,018 shares in the company, valued at $4,716,252.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Patrick A. Maciariello bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was purchased at an average price of $22.35 per share, with a total value of $223,500.00. Following the purchase, the insider now owns 211,018 shares of the company’s stock, valued at approximately $4,716,252.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Cgi Magyar Holdings Llc sold 7,510 shares of Compass Diversified stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $24.92, for a total transaction of $187,149.20. Following the sale, the insider now owns 7,991,471 shares of the company’s stock, valued at $199,147,457.32. The disclosure for this sale can be found here. 1.76% of the stock is currently owned by company insiders.

About Compass Diversified

Compass Diversified is a private equity firm specializing in add on acquisitions, buyouts, industry consolidation, recapitalization, late stage and middle market investments. It seeks to invest in niche industrial or branded consumer companies, manufacturing, distribution, consumer products, business services sector, healthcare, safety & security, electronic components, food and foodservice.