Compass Diversified (CODI) Expected to Announce Quarterly Earnings on Thursday

Compass Diversified (NYSE:CODI) will likely be announcing its results before the market opens on Thursday, February 26th. Analysts expect the company to announce earnings of $0.13 per share and revenue of $486.1670 million for the quarter.

Compass Diversified (NYSE:CODI) last issued its earnings results on Wednesday, January 14th. The financial services provider reported ($0.98) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($1.59). Compass Diversified had a positive return on equity of 24.48% and a negative net margin of 7.08%.The business had revenue of $472.56 million for the quarter, compared to the consensus estimate of $497.19 million. On average, analysts expect Compass Diversified to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Compass Diversified Stock Performance

NYSE CODI opened at $7.21 on Friday. Compass Diversified has a 52-week low of $4.58 and a 52-week high of $22.21. The firm’s 50 day moving average price is $5.67 and its 200-day moving average price is $6.46. The company has a market cap of $542.48 million, a PE ratio of -2.63 and a beta of 1.09.

Analyst Ratings Changes

A number of research analysts have issued reports on CODI shares. Compass Point set a $15.00 price target on shares of Compass Diversified in a research note on Tuesday, January 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Compass Diversified in a report on Friday, December 26th. Wall Street Zen lowered Compass Diversified from a “hold” rating to a “sell” rating in a research report on Saturday, December 20th. CJS Securities raised shares of Compass Diversified to an “outperform” rating in a research report on Tuesday, January 27th. Finally, B. Riley Financial dropped their price objective on shares of Compass Diversified from $18.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Compass Diversified has a consensus rating of “Hold” and a consensus price target of $14.00.

Hedge Funds Weigh In On Compass Diversified

Large investors have recently made changes to their positions in the company. RPO LLC acquired a new stake in Compass Diversified during the fourth quarter valued at $60,000. Geneos Wealth Management Inc. boosted its stake in shares of Compass Diversified by 68.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 9,830 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 4,000 shares in the last quarter. Quantessence Capital LLC acquired a new stake in shares of Compass Diversified during the 3rd quarter valued at about $70,000. Focus Partners Wealth purchased a new position in shares of Compass Diversified in the 3rd quarter valued at about $70,000. Finally, Voleon Capital Management LP purchased a new position in shares of Compass Diversified in the 2nd quarter valued at about $77,000. 72.73% of the stock is currently owned by institutional investors and hedge funds.

About Compass Diversified

Compass Diversified Holdings (NYSE:CODI) is a publicly traded private equity company headquartered in Bethesda, Maryland. The firm specializes in acquiring and managing middle-market businesses across a variety of industries, with a focus on driving operational performance and sustainable growth. As an externally managed entity, Compass Diversified leverages a disciplined investment approach to build a portfolio of market-leading companies that benefit from strategic oversight, capital support and shared best practices.

Compass Diversified’s investment activities span five core sectors: branded consumer, consumer services, differentiated industrial products, value-added distribution and business services.