Brokerages Anticipate Compass Diversified Holdings (NYSE:CODI) Will Announce Quarterly Sales of $278.57 Million

Wall Street brokerages expect that Compass Diversified Holdings (NYSE:CODI) will post $278.57 million in sales for the current quarter, according to Zacks. Four analysts have made estimates for Compass Diversified’s earnings. The lowest sales estimate is $245.45 million and the highest is $295.80 million. Compass Diversified reported sales of $336.08 million during the same quarter last year, which indicates a negative year over year growth rate of 17.1%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, July 29th.

According to Zacks, analysts expect that Compass Diversified will report full year sales of $1.33 billion for the current financial year, with estimates ranging from $1.22 billion to $1.40 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.48 billion, with estimates ranging from $1.46 billion to $1.52 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Compass Diversified.

Compass Diversified (NYSE:CODI) last announced its earnings results on Thursday, April 30th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.03. Compass Diversified had a return on equity of 11.68% and a net margin of 11.06%. The company had revenue of $333.45 million for the quarter, compared to analyst estimates of $340.97 million.

CODI has been the topic of a number of recent research reports. Jefferies Financial Group initiated coverage on Compass Diversified in a research note on Wednesday, April 22nd. They issued a “buy” rating and a $22.00 target price on the stock. TheStreet downgraded Compass Diversified from a “b-” rating to a “c+” rating in a research note on Wednesday, March 4th. Zacks Investment Research downgraded Compass Diversified from a “buy” rating to a “sell” rating in a research note on Wednesday, May 6th. ValuEngine downgraded Compass Diversified from a “hold” rating to a “sell” rating in a research note on Friday, May 1st. Finally, William Blair restated an “outperform” rating on shares of Compass Diversified in a research note on Tuesday, June 16th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Compass Diversified presently has an average rating of “Hold” and an average price target of $21.17.

In other Compass Diversified news, major shareholder Anholt Investments Ltd. purchased 131,100 shares of the stock in a transaction on Thursday, May 14th. The shares were bought at an average price of $15.40 per share, for a total transaction of $2,018,940.00. Also, insider Patrick A. Maciariello bought 6,250 shares of Compass Diversified stock in a transaction on Wednesday, June 24th. The shares were purchased at an average cost of $17.56 per share, with a total value of $109,750.00. Following the acquisition, the insider now directly owns 172,268 shares of the company’s stock, valued at $3,025,026.08. The disclosure for this purchase can be found here. Insiders have acquired 192,350 shares of company stock worth $3,079,640 in the last quarter. 2.70% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the business. Ancora Advisors LLC acquired a new position in shares of Compass Diversified during the fourth quarter valued at approximately $25,000. ERTS Wealth Advisors LLC acquired a new stake in shares of Compass Diversified in the fourth quarter valued at approximately $28,000. Ameritas Investment Company LLC increased its holdings in shares of Compass Diversified by 104.8% in the fourth quarter. Ameritas Investment Company LLC now owns 1,192 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 610 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Compass Diversified in the first quarter valued at approximately $36,000. Finally, Bank of Montreal Can increased its holdings in shares of Compass Diversified by 200.0% in the fourth quarter. Bank of Montreal Can now owns 1,500 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 1,000 shares during the last quarter. 28.09% of the stock is owned by institutional investors and hedge funds.

Shares of CODI traded down $0.52 during mid-day trading on Monday, reaching $16.52. The company had a trading volume of 286,854 shares, compared to its average volume of 357,514. Compass Diversified has a 52-week low of $10.78 and a 52-week high of $26.37. The company has a quick ratio of 2.60, a current ratio of 4.16 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $1.11 billion, a P/E ratio of 11.28 and a beta of 1.83. The stock has a 50 day moving average of $17.22 and a two-hundred day moving average of $19.59.

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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Earnings History and Estimates for Compass Diversified (NYSE:CODI)

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