Compass Diversified (NYSE:CODI) Issues Earnings Results, Misses Estimates By $0.01 EPS

Compass Diversified (NYSE:CODI) posted its earnings results on Wednesday. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01), FiscalAI reports. Compass Diversified had a negative net margin of 5.38% and a negative return on equity of 10.36%. The business had revenue of $422.93 million for the quarter, compared to analyst estimates of $410.52 million.

Compass Diversified Stock Performance

CODI traded up $0.30 on Wednesday, reaching $12.32. The stock had a trading volume of 981,693 shares, compared to its average volume of 970,476. The business’s 50-day moving average price is $11.05 and its two-hundred day moving average price is $9.79. The company has a market cap of $927.18 million, a P/E ratio of -5.68 and a beta of 1.29. Compass Diversified has a 12-month low of $4.58 and a 12-month high of $13.25. The company has a current ratio of 2.26, a quick ratio of 1.10 and a debt-to-equity ratio of 11.90.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CODI. Compass Point set a $17.00 price target on Compass Diversified in a research report on Tuesday, October 13th. UBS Group set a $18.00 price objective on Compass Diversified in a report on Tuesday, August 11th. LADENBURG THALM/SH SH initiated coverage on Compass Diversified in a research note on Tuesday, October 13th. They issued a “buy” rating and a $17.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Compass Diversified in a report on Thursday, October 15th. Finally, B. Riley Financial upgraded Compass Diversified from a “neutral” rating to a “buy” rating and lifted their price target for the company from $11.00 to $15.00 in a research report on Tuesday, August 11th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Compass Diversified presently has a consensus rating of “Hold” and a consensus target price of $17.00.

Insider Buying and Selling at Compass Diversified

In other Compass Diversified news, insider Stephen Keller bought 10,000 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average cost of $12.01 per share, for a total transaction of $120,100.00. Following the transaction, the insider directly owned 51,840 shares of the company’s stock, valued at approximately $622,598.40. The trade was a 23.90% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Zachary Sawtelle purchased 7,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average price of $12.45 per share, with a total value of $87,150.00. Following the purchase, the insider owned 63,588 shares in the company, valued at $791,670.60. This represents a 12.37% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders bought 140,995 shares of company stock worth $1,715,498. 1.60% of the stock is currently owned by company insiders.

About Compass Diversified

Compass Diversified is a holding company that acquires and manages controlling interests in middle-market businesses. Rather than operating as a single-product company, it owns a diversified portfolio of subsidiaries across consumer and industrial markets and provides them with capital, strategic guidance and operational support.

The company’s portfolio has included businesses that develop and sell outdoor and recreational equipment, apparel and accessories, home and wellness products, food and beverage items, and specialty industrial products.