Analysts expect Compass Diversified Holdings (NYSE:CODI) to announce 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 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 in the same quarter last year, which suggests a positive year over year growth rate of 10.9%. The business is scheduled to issue its next quarterly earnings report on Wednesday, February 28th.
On average, analysts expect that Compass Diversified will report full year sales of $353.20 million for the current financial year, with estimates ranging from $1.27 billion to $1.29 billion. For the next year, analysts forecast that the firm will post sales of $1.36 billion per share. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Compass Diversified.
Compass Diversified (NYSE:CODI) last posted its earnings results on Wednesday, February 28th. The financial services provider reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.09. The business had revenue of $348.40 million for the quarter, compared to analyst estimates of $350.99 million. Compass Diversified had a negative net margin of 1.31% and a positive return on equity of 2.77%. Compass Diversified’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.14) EPS.
In related news, insider James Bottiglieri purchased 4,733 shares of the business’s stock in a transaction on Wednesday, January 3rd. The stock was acquired at an average price of $17.24 per share, with a total value of $81,596.92. Following the purchase, the insider now directly owns 55,195 shares in the company, valued at $951,561.80. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.40% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in CODI. Deutsche Bank AG grew its stake in Compass Diversified by 576.9% in the 4th quarter. Deutsche Bank AG now owns 382,714 shares of the financial services provider’s stock worth $6,487,000 after buying an additional 326,171 shares in the last quarter. American Century Companies Inc. grew its stake in Compass Diversified by 13.8% in the 4th quarter. American Century Companies Inc. now owns 2,614,783 shares of the financial services provider’s stock worth $44,321,000 after buying an additional 316,671 shares in the last quarter. Renaissance Technologies LLC grew its stake in Compass Diversified by 336.9% in the 4th quarter. Renaissance Technologies LLC now owns 247,032 shares of the financial services provider’s stock worth $4,187,000 after buying an additional 190,489 shares in the last quarter. Mckinley Capital Management LLC Delaware purchased a new position in Compass Diversified in the 3rd quarter worth approximately $1,433,000. Finally, North Star Investment Management Corp. grew its stake in Compass Diversified by 101.6% in the 4th quarter. North Star Investment Management Corp. now owns 106,592 shares of the financial services provider’s stock worth $1,807,000 after buying an additional 53,713 shares in the last quarter. 34.53% of the stock is owned by institutional investors and hedge funds.
Shares of Compass Diversified (NYSE CODI) opened at $16.70 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.26 and a current ratio of 2.41. The firm has a market cap of $1,000.00, a P/E ratio of -14.52 and a beta of 0.48. Compass Diversified has a twelve month low of $15.90 and a twelve month high of $18.35.
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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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