Equities research analysts predict that Compass Diversified Holdings (NYSE:CODI) will report sales of $353.20 million for the current quarter, Zacks reports. Three analysts have made estimates for Compass Diversified’s earnings, with the lowest sales estimate coming in at $345.81 million and the highest estimate coming in at $365.37 million. Compass Diversified posted sales of $318.56 million during the same quarter last year, which suggests a positive year-over-year growth rate of 10.9%. The company is expected to announce its next quarterly earnings results on Wednesday, March 7th.
According to Zacks, analysts expect that Compass Diversified will report full year sales of $353.20 million for the current year, with estimates ranging from $1.27 billion to $1.29 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.37 billion per share, with estimates ranging from $1.36 billion to $1.40 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow Compass Diversified.
A number of brokerages recently weighed in on CODI. BidaskClub cut Compass Diversified from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 4th. Zacks Investment Research cut Compass Diversified from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 3rd. Three investment analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. Compass Diversified has an average rating of “Hold” and an average price target of $19.50.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CODI. Russell Investments Group Ltd. lifted its position in shares of Compass Diversified by 23.7% in the second quarter. Russell Investments Group Ltd. now owns 72,776 shares of the financial services provider’s stock valued at $1,270,000 after acquiring an additional 13,951 shares in the last quarter. Sei Investments Co. lifted its position in Compass Diversified by 7.2% during the second quarter. Sei Investments Co. now owns 112,082 shares of the financial services provider’s stock worth $1,956,000 after buying an additional 7,504 shares in the last quarter. IFP Advisors Inc lifted its position in Compass Diversified by 0.3% during the second quarter. IFP Advisors Inc now owns 6,575 shares of the financial services provider’s stock worth $115,000 after buying an additional 17 shares in the last quarter. Legal & General Group Plc lifted its position in Compass Diversified by 22.3% during the second quarter. Legal & General Group Plc now owns 156,926 shares of the financial services provider’s stock worth $2,734,000 after buying an additional 28,603 shares in the last quarter. Finally, BB&T Securities LLC lifted its position in Compass Diversified by 14.6% during the second quarter. BB&T Securities LLC now owns 65,566 shares of the financial services provider’s stock worth $1,144,000 after buying an additional 8,373 shares in the last quarter. Institutional investors and hedge funds own 33.43% of the company’s stock.
Shares of Compass Diversified (NYSE CODI) opened at $16.95 on Friday. Compass Diversified has a 1-year low of $15.90 and a 1-year high of $18.40. The firm has a market capitalization of $1,020.00, a price-to-earnings ratio of -14.74 and a beta of 0.55. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.41 and a quick ratio of 1.26.
Compass Diversified 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Compass Diversified Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compass Diversified and related companies with MarketBeat.com's FREE daily email newsletter.