$353.20 Million in Sales Expected for Compass Diversified Holdings (CODI) This Quarter
Equities research analysts expect Compass Diversified Holdings (NYSE:CODI) to report sales of $353.20 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Compass Diversified’s earnings, with the highest sales estimate coming in at $365.37 million and the lowest estimate coming in at $345.81 million. Compass Diversified reported sales of $318.56 million during the same quarter last year, which would suggest a positive year over year growth rate of 10.9%. The business is expected to issue its next quarterly earnings results on Wednesday, March 7th.
On average, analysts expect that Compass Diversified will report full-year sales of $353.20 million for the current fiscal year, with estimates ranging from $1.27 billion to $1.29 billion. For the next fiscal year, analysts anticipate that the firm will report 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 research analysts that follow Compass Diversified.
A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Compass Diversified from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Zacks Investment Research lowered shares of Compass Diversified from a “hold” rating to a “strong sell” rating in a report on Monday, November 13th. Three analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. Compass Diversified has an average rating of “Hold” and an average price target of $19.50.
Compass Diversified (NYSE CODI) remained flat at $$17.15 during trading on Friday. The company’s stock had a trading volume of 95,646 shares, compared to its average volume of 169,234. Compass Diversified has a 1-year low of $15.90 and a 1-year high of $18.40. The firm has a market cap of $1,030.00, a PE ratio of -14.91 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.
In other news, insider James Bottiglieri acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was purchased at an average price of $16.63 per share, with a total value of $83,150.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.40% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc boosted its stake 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 during the period. First Allied Advisory Services Inc. boosted its stake in Compass Diversified by 2.0% during the second quarter. First Allied Advisory Services Inc. now owns 12,673 shares of the financial services provider’s stock worth $220,000 after buying an additional 254 shares during the period. State Street Corp boosted its stake in Compass Diversified by 0.4% during the second quarter. State Street Corp now owns 66,276 shares of the financial services provider’s stock worth $1,157,000 after buying an additional 276 shares during the period. Northwest Quadrant Wealth Management LLC boosted its stake in Compass Diversified by 2.1% during the second quarter. Northwest Quadrant Wealth Management LLC now owns 14,643 shares of the financial services provider’s stock worth $255,000 after buying an additional 297 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake in Compass Diversified by 1.8% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 17,350 shares of the financial services provider’s stock worth $303,000 after buying an additional 300 shares during the period. 33.43% of the stock is owned by hedge funds and other institutional investors.
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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.
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