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

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

Compass Diversified (NYSE:CODI) last released its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.09). Compass Diversified had a return on equity of 11.93% and a net margin of 9.43%. The company had revenue of $566.99 million for the quarter, compared to analyst estimates of $581.07 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

Compass Diversified stock opened at $23.22 on Wednesday. Compass Diversified has a 52-week low of $16.88 and a 52-week high of $25.07. The firm has a market capitalization of $1.75 billion, a P/E ratio of 10.05 and a beta of 1.72. The company has a debt-to-equity ratio of 1.37, a current ratio of 5.13 and a quick ratio of 2.76. The stock has a fifty day moving average price of $23.37 and a two-hundred day moving average price of $21.57.

Compass Diversified Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 18th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.31%. Compass Diversified’s dividend payout ratio (DPR) is presently 43.29%.

Insider Buying and Selling

In related news, major shareholder Cgi Magyar Holdings Llc sold 7,510 shares of Compass Diversified 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 directly owns 7,991,471 shares in the company, valued at $199,147,457.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, major shareholder Cgi Magyar Holdings Llc sold 7,510 shares of Compass Diversified 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 directly owns 7,991,471 shares in the company, valued at $199,147,457.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Elias Sabo bought 30,000 shares of Compass Diversified stock in a transaction on Friday, January 26th. The shares were bought at an average price of $22.95 per share, for a total transaction of $688,500.00. Following the acquisition, the insider now owns 675,549 shares of the company’s stock, valued at approximately $15,503,849.55. The disclosure for this purchase can be found here. Corporate insiders own 2.40% of the company’s stock.

Analyst Upgrades and Downgrades

CODI has been the subject of a number of research reports. Oppenheimer raised their target price on Compass Diversified from $21.00 to $23.00 and gave the company a “market perform” rating in a research note on Tuesday, March 5th. William Blair restated an “outperform” rating on shares of Compass Diversified in a research note on Wednesday, March 6th. Finally, Bank of America raised their target price on Compass Diversified from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, March 7th.

About Compass Diversified

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.