Wall Street brokerages expect that Compass Diversified Holdings (NYSE:CODI) will report $435.94 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Compass Diversified’s earnings, with the highest sales estimate coming in at $450.15 million and the lowest estimate coming in at $423.29 million. Compass Diversified reported sales of $429.76 million in the same quarter last year, which indicates a positive year-over-year growth rate of 1.4%. The firm is expected to announce its next quarterly earnings report after the market closes on Wednesday, July 31st.
On average, analysts expect that Compass Diversified will report full-year sales of $1.76 billion for the current year, with estimates ranging from $1.73 billion to $1.78 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.84 billion, with estimates ranging from $1.81 billion to $1.88 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Compass Diversified.
Compass Diversified (NYSE:CODI) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.06). Compass Diversified had a net margin of 6.11% and a return on equity of 7.63%. The company had revenue of $402.49 million for the quarter, compared to analysts’ expectations of $399.00 million.
In related news, insider Elias Sabo bought 18,333 shares of the company’s stock in a transaction on Monday, June 17th. The shares were purchased at an average cost of $19.15 per share, for a total transaction of $351,076.95. Following the acquisition, the insider now owns 585,549 shares of the company’s stock, valued at approximately $11,213,263.35. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.70% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of CODI. Commonwealth Equity Services LLC raised its stake in Compass Diversified by 51.7% in the second quarter. Commonwealth Equity Services LLC now owns 55,542 shares of the financial services provider’s stock valued at $1,061,000 after purchasing an additional 18,919 shares in the last quarter. Gilman Hill Asset Management LLC grew its holdings in Compass Diversified by 1.8% during the second quarter. Gilman Hill Asset Management LLC now owns 257,346 shares of the financial services provider’s stock valued at $4,918,000 after purchasing an additional 4,435 shares during the period. Adirondack Research & Management Inc. grew its holdings in Compass Diversified by 8.7% during the first quarter. Adirondack Research & Management Inc. now owns 60,685 shares of the financial services provider’s stock valued at $952,000 after purchasing an additional 4,880 shares during the period. Belpointe Asset Management LLC grew its holdings in Compass Diversified by 8.9% during the first quarter. Belpointe Asset Management LLC now owns 48,432 shares of the financial services provider’s stock valued at $760,000 after purchasing an additional 3,972 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in Compass Diversified by 48.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 59,412 shares of the financial services provider’s stock valued at $932,000 after purchasing an additional 19,309 shares during the period. 31.75% of the stock is owned by institutional investors.
CODI traded down $0.34 on Monday, reaching $18.90. 238,847 shares of the company traded hands, compared to its average volume of 259,559. The business has a 50 day moving average price of $18.79. Compass Diversified has a 52-week low of $11.60 and a 52-week high of $20.09. The stock has a market cap of $1.13 billion, a P/E ratio of 13.13 and a beta of 1.13. The company has a current ratio of 2.82, a quick ratio of 1.56 and a debt-to-equity ratio of 1.29.
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 18th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $1.44 annualized dividend and a yield of 7.62%. Compass Diversified’s dividend payout ratio (DPR) is currently 100.00%.
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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