Compass Diversified Holdings (NYSE:CODI) – Equities research analysts at William Blair upped their Q3 2018 EPS estimates for Compass Diversified in a research report issued on Thursday, April 19th. William Blair analyst B. Hogan now expects that the financial services provider will post earnings per share of $0.59 for the quarter, up from their previous forecast of $0.58. William Blair also issued estimates for Compass Diversified’s FY2018 earnings at $2.07 EPS, Q1 2019 earnings at $0.38 EPS, Q2 2019 earnings at $0.56 EPS, Q4 2019 earnings at $0.68 EPS and FY2020 earnings at $2.40 EPS.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Compass Diversified from a “sell” rating to a “hold” rating in a research report on Tuesday, March 6th. TheStreet downgraded shares of Compass Diversified from a “b-” rating to a “c” rating in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $20.00.
Compass Diversified (NYSE:CODI) last released its quarterly earnings results on Wednesday, February 28th. The financial services provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.09. Compass Diversified had a net margin of 2.20% and a return on equity of 2.11%. The firm had revenue of $348.40 million during the quarter, compared to the consensus estimate of $350.99 million. During the same quarter in the prior year, the firm earned ($0.14) EPS. The company’s revenue for the quarter was up 9.4% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 26th. Investors of record on Thursday, April 19th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, April 18th. This represents a $1.44 annualized dividend and a dividend yield of 8.86%.
A number of hedge funds and other institutional investors have recently made changes to their positions in CODI. State Street Corp grew its stake in Compass Diversified by 0.4% during the 2nd quarter. State Street Corp now owns 66,276 shares of the financial services provider’s stock valued at $1,157,000 after acquiring an additional 276 shares in the last quarter. Legal & General Group Plc grew its stake in Compass Diversified by 10.8% during the 3rd quarter. Legal & General Group Plc now owns 173,880 shares of the financial services provider’s stock valued at $3,082,000 after acquiring an additional 16,954 shares in the last quarter. Wells Fargo & Company MN grew its stake in Compass Diversified by 18.6% during the 3rd quarter. Wells Fargo & Company MN now owns 123,870 shares of the financial services provider’s stock valued at $2,199,000 after acquiring an additional 19,423 shares in the last quarter. California Public Employees Retirement System grew its stake in Compass Diversified by 3.7% during the 3rd quarter. California Public Employees Retirement System now owns 118,803 shares of the financial services provider’s stock valued at $2,109,000 after acquiring an additional 4,203 shares in the last quarter. Finally, North Star Investment Management Corp. grew its stake in Compass Diversified by 101.6% during the 4th quarter. North Star Investment Management Corp. now owns 106,592 shares of the financial services provider’s stock valued at $1,807,000 after acquiring an additional 53,713 shares in the last quarter. 34.72% of the stock is owned by institutional investors.
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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, and business services sectors.
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