Brokerages forecast that Compass Diversified (NYSE:CODI – Get Rating) will announce earnings of $0.43 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Compass Diversified’s earnings, with the lowest EPS estimate coming in at $0.41 and the highest estimate coming in at $0.45. Compass Diversified reported earnings per share of $0.56 in the same quarter last year, which suggests a negative year over year growth rate of 23.2%. The firm is scheduled to announce its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Compass Diversified will report full year earnings of $1.79 per share for the current financial year, with EPS estimates ranging from $1.72 to $1.90. For the next year, analysts forecast that the firm will post earnings of $2.03 per share, with EPS estimates ranging from $1.87 to $2.22. Zacks’ EPS averages are an average based on a survey of research analysts that cover Compass Diversified.
Compass Diversified (NYSE:CODI – Get Rating) last issued its quarterly earnings data on Thursday, February 24th. The financial services provider reported $0.25 earnings per share for the quarter. Compass Diversified had a net margin of 5.90% and a return on equity of 18.27%. The business had revenue of $536.60 million during the quarter, compared to analysts’ expectations of $508.83 million. During the same quarter in the previous year, the company earned $0.36 EPS. The business’s revenue was up 27.3% on a year-over-year basis.
In other news, insider Patrick A. Maciariello bought 6,000 shares of the firm’s stock in a transaction on Monday, February 28th. The shares were purchased at an average cost of $23.29 per share, with a total value of $139,740.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.50% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Gabelli Funds LLC bought a new stake in shares of Compass Diversified during the 3rd quarter valued at approximately $282,000. Dfpg Investments LLC bought a new stake in Compass Diversified during the 4th quarter worth approximately $221,000. LPL Financial LLC grew its holdings in Compass Diversified by 15.1% during the 3rd quarter. LPL Financial LLC now owns 190,656 shares of the financial services provider’s stock worth $5,371,000 after acquiring an additional 25,043 shares during the last quarter. Sheaff Brock Investment Advisors LLC grew its holdings in Compass Diversified by 4.0% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 25,750 shares of the financial services provider’s stock worth $788,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Two Sigma Advisers LP grew its holdings in Compass Diversified by 165.9% during the 3rd quarter. Two Sigma Advisers LP now owns 58,500 shares of the financial services provider’s stock worth $1,648,000 after acquiring an additional 36,500 shares during the last quarter. 38.53% of the stock is currently owned by institutional investors.
Compass Diversified stock traded up $1.63 during midday trading on Friday, hitting $22.72. The company’s stock had a trading volume of 542,856 shares, compared to its average volume of 322,905. Compass Diversified has a 1-year low of $20.30 and a 1-year high of $33.31. The company has a debt-to-equity ratio of 1.31, a current ratio of 3.00 and a quick ratio of 1.52. The company has a 50-day moving average price of $22.98 and a two-hundred day moving average price of $26.39. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 34.95, a PEG ratio of 1.46 and a beta of 1.79.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 28th. Shareholders of record on Thursday, April 21st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.40%. The ex-dividend date was Wednesday, April 20th. Compass Diversified’s dividend payout ratio is currently 153.85%.
Compass Diversified Company Profile (Get Rating)
Compass Diversified is a private equity firm specializing in add on acquisitions, buyouts, industry consolidation, recapitalization, late stage 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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