Brokerages Expect Compass Diversified Holdings (NYSE:CODI) Will Announce Quarterly Sales of $435.94 Million
Analysts predict that Compass Diversified Holdings (NYSE:CODI) will report $435.94 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Compass Diversified’s earnings, with the highest sales estimate coming in at $450.15 million and the lowest estimate coming in at $423.29 million. Compass Diversified posted sales of $429.76 million during the same quarter last year, which suggests a positive year-over-year growth rate of 1.4%. The company is scheduled to issue its next earnings results after the market closes on Wednesday, July 31st.
According to Zacks, analysts expect that Compass Diversified will report full-year sales of $1.76 billion for the current fiscal year, with estimates ranging from $1.73 billion to $1.78 billion. For the next financial year, analysts expect that the company will post sales of $1.84 billion, with estimates ranging from $1.81 billion to $1.88 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Compass Diversified.
Compass Diversified (NYSE:CODI) last posted its earnings results on Wednesday, May 1st. The financial services provider reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.06). The company had revenue of $402.49 million for the quarter, compared to the consensus estimate of $399.00 million. Compass Diversified had a net margin of 6.11% and a return on equity of 7.63%.
Shares of NYSE:CODI traded down $0.01 during trading on Monday, hitting $18.90. 127,200 shares of the company traded hands, compared to its average volume of 217,539. The company has a market capitalization of $1.13 billion, a PE ratio of 13.13 and a beta of 1.12. The stock has a fifty day simple moving average of $18.99. Compass Diversified has a one year low of $11.60 and a one year high of $20.09. The company has a quick ratio of 1.56, a current ratio of 2.82 and a debt-to-equity ratio of 1.29.
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 18th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 7.62%. The ex-dividend date of this dividend is Wednesday, July 17th. Compass Diversified’s dividend payout ratio (DPR) is presently 100.00%.
In other Compass Diversified news, insider Elias Sabo acquired 18,333 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was acquired at an average cost of $19.15 per share, with a total value of $351,076.95. Following the acquisition, the insider now directly owns 585,549 shares of the company’s stock, valued at approximately $11,213,263.35. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.70% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Great West Life Assurance Co. Can boosted its stake in Compass Diversified by 11.2% during the 4th quarter. Great West Life Assurance Co. Can now owns 7,539 shares of the financial services provider’s stock valued at $90,000 after purchasing an additional 762 shares in the last quarter. Quad Cities Investment Group LLC boosted its stake in Compass Diversified by 2,500.0% during the 1st quarter. Quad Cities Investment Group LLC now owns 7,800 shares of the financial services provider’s stock valued at $124,000 after purchasing an additional 7,500 shares in the last quarter. Wedbush Securities Inc. bought a new position in Compass Diversified during the 1st quarter valued at $159,000. Park Avenue Securities LLC boosted its stake in Compass Diversified by 16.5% during the 1st quarter. Park Avenue Securities LLC now owns 13,697 shares of the financial services provider’s stock valued at $217,000 after purchasing an additional 1,941 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Compass Diversified by 22.5% during the 4th quarter. Millennium Management LLC now owns 18,263 shares of the financial services provider’s stock valued at $227,000 after purchasing an additional 3,354 shares in the last quarter. 31.73% of the stock is owned by institutional investors and hedge funds.
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, business services sector, safety & security, electronic components, food, foodservice.
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