Compass Diversified Holdings (CODI) Expected to Post Quarterly Sales of $411.44 Million
Wall Street brokerages expect Compass Diversified Holdings (NYSE:CODI) to announce sales of $411.44 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Compass Diversified’s earnings, with the lowest sales estimate coming in at $353.47 million and the highest estimate coming in at $434.80 million. Compass Diversified posted sales of $323.96 million during the same quarter last year, which suggests a positive year-over-year growth rate of 27%. The company is expected to issue its next quarterly earnings report on Wednesday, November 14th.
On average, analysts expect that Compass Diversified will report full-year sales of $1.64 billion for the current financial year, with estimates ranging from $1.52 billion to $1.69 billion. For the next financial year, analysts forecast that the firm will post sales of $1.72 billion per share, with estimates ranging from $1.50 billion to $1.86 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Compass Diversified.
Compass Diversified (NYSE:CODI) last announced its quarterly earnings results on Wednesday, August 1st. The financial services provider reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.57). The business had revenue of $429.76 million for the quarter, compared to analysts’ expectations of $400.86 million. Compass Diversified had a return on equity of 2.47% and a net margin of 3.45%.
In other news, insider D Eugene Ewing bought 3,267 shares of Compass Diversified stock in a transaction dated Thursday, May 17th. The stock was acquired at an average cost of $15.53 per share, with a total value of $50,736.51. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Elias Sabo bought 25,000 shares of Compass Diversified stock in a transaction dated Tuesday, May 15th. The stock was purchased at an average cost of $15.68 per share, with a total value of $392,000.00. Following the completion of the acquisition, the insider now directly owns 510,549 shares in the company, valued at approximately $8,005,408.32. The disclosure for this purchase can be found here. 2.40% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware lifted its holdings in shares of Compass Diversified by 4.7% in the 2nd quarter. Mckinley Capital Management LLC Delaware now owns 71,506 shares of the financial services provider’s stock valued at $1,237,000 after purchasing an additional 3,224 shares during the last quarter. Wasatch Advisors Inc. lifted its holdings in shares of Compass Diversified by 2.4% in the 2nd quarter. Wasatch Advisors Inc. now owns 171,344 shares of the financial services provider’s stock valued at $2,964,000 after purchasing an additional 4,003 shares during the last quarter. HL Financial Services LLC lifted its holdings in shares of Compass Diversified by 21.8% in the 2nd quarter. HL Financial Services LLC now owns 26,201 shares of the financial services provider’s stock valued at $453,000 after purchasing an additional 4,684 shares during the last quarter. Gilman Hill Asset Management LLC lifted its holdings in shares of Compass Diversified by 2.5% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 234,605 shares of the financial services provider’s stock valued at $4,059,000 after purchasing an additional 5,719 shares during the last quarter. Finally, Poehling Capital Management LLC purchased a new stake in shares of Compass Diversified in the 2nd quarter valued at about $104,000. 36.38% of the stock is owned by institutional investors and hedge funds.
Compass Diversified traded up $0.10, reaching $17.60, during trading on Friday, according to MarketBeat Ratings. 60,800 shares of the company’s stock were exchanged, compared to its average volume of 175,080. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 30.88 and a beta of 0.49. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.68 and a quick ratio of 1.44. Compass Diversified has a 1 year low of $14.60 and a 1 year high of $18.35.
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 26th. Shareholders of record on Thursday, July 19th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 8.18%. The ex-dividend date was Wednesday, July 18th.
About Compass Diversified
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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