Compass Diversified (CODI) Scheduled to Post Quarterly Earnings on Wednesday

Compass Diversified (NYSE:CODI) will be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect Compass Diversified to post earnings of $0.41 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Compass Diversified (NYSE:CODI) last released its earnings results on Wednesday, February 28th. The financial services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.09). The company had revenue of $566.99 million for the quarter, compared to the consensus estimate of $581.07 million. Compass Diversified had a net margin of 9.43% and a return on equity of 11.93%. 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 $23.22 on Wednesday. The stock has a fifty day moving average price of $23.37 and a 200-day moving average price of $21.57. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 10.05 and a beta of 1.72. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.76 and a current ratio of 5.13. Compass Diversified has a fifty-two week low of $16.88 and a fifty-two week high of $25.07.

Compass Diversified Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 18th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 4.31%. Compass Diversified’s dividend payout ratio is currently 43.29%.

Insiders Place Their Bets

In other news, insider Patrick A. Maciariello bought 10,000 shares of the stock in a transaction on Wednesday, January 31st. The stock was acquired at an average price of $22.35 per share, with a total value of $223,500.00. Following the acquisition, the insider now directly owns 211,018 shares in the company, valued at $4,716,252.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, major shareholder Cgi Magyar Holdings Llc sold 7,510 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $24.92, for a total value of $187,149.20. Following the completion of the sale, the insider now owns 7,991,471 shares of the company’s stock, valued at $199,147,457.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Patrick A. Maciariello purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The stock was bought at an average cost of $22.35 per share, with a total value of $223,500.00. Following the purchase, the insider now owns 211,018 shares of the company’s stock, valued at approximately $4,716,252.30. The disclosure for this purchase can be found here. Insiders own 2.40% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on CODI shares. Oppenheimer upped their price objective on Compass Diversified from $21.00 to $23.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 5th. William Blair restated an “outperform” rating on shares of Compass Diversified in a research report on Wednesday, March 6th. Finally, Bank of America upped their price objective on Compass Diversified from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th.

Compass Diversified Company Profile

Compass Diversified is a private equity firm specializing in add on acquisitions, buyouts, industry consolidation, recapitalization, late stage and middle market investments. It seeks to invest in niche industrial or branded consumer companies, manufacturing, distribution, consumer products, business services sector, healthcare, safety & security, electronic components, food and foodservice.