Compass Diversified Holdings (CODI) to Release Earnings on Wednesday
Compass Diversified Holdings (NYSE:CODI) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 8th. Analysts expect Compass Diversified Holdings to post earnings of $0.48 per share for the quarter.
Compass Diversified Holdings (NYSE:CODI) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported ($0.53) earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.90). Compass Diversified Holdings had a net margin of 2.20% and a return on equity of 6.42%. The company had revenue of $307.38 million for the quarter, compared to analyst estimates of $302.86 million. During the same quarter in the prior year, the company posted $0.33 EPS. Compass Diversified Holdings’s revenue for the quarter was up 43.5% on a year-over-year basis. On average, analysts expect Compass Diversified Holdings to post $1.62 EPS for the current fiscal year and $1.74 EPS for the next fiscal year.
Compass Diversified Holdings (CODI) opened at 17.15 on Wednesday. The stock’s 50 day moving average is $17.55 and its 200 day moving average is $17.10. The firm’s market cap is $1.03 billion. Compass Diversified Holdings has a one year low of $15.90 and a one year high of $19.50.
The business also recently announced a quarterly dividend, which was paid on Thursday, October 26th. Stockholders of record on Thursday, October 19th were given a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, October 18th. This represents a $1.44 annualized dividend and a dividend yield of 8.40%. Compass Diversified Holdings’s dividend payout ratio is -276.92%.
Several research firms have recently commented on CODI. BidaskClub cut shares of Compass Diversified Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised shares of Compass Diversified Holdings from a “strong sell” rating to a “hold” rating in a research report on Monday, August 7th. TheStreet raised shares of Compass Diversified Holdings from a “c+” rating to a “b” rating in a research report on Friday, July 7th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $20.00 target price on shares of Compass Diversified Holdings in a research report on Friday, July 14th. Finally, ValuEngine cut shares of Compass Diversified Holdings from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. 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 Holdings currently has an average rating of “Hold” and a consensus target price of $19.50.
A hedge fund recently raised its stake in Compass Diversified Holdings stock. State Street Corp boosted its holdings in shares of Compass Diversified Holdings (NYSE:CODI) by 0.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,276 shares of the financial services provider’s stock after acquiring an additional 276 shares during the period. State Street Corp owned 0.11% of Compass Diversified Holdings worth $1,157,000 at the end of the most recent reporting period. 33.21% of the stock is currently owned by hedge funds and other institutional investors.
About Compass Diversified Holdings
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.
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