Compass Diversified (NYSE:CODI) Announces Earnings Results, Beats Expectations By $0.15 EPS

Compass Diversified (NYSE:CODI) issued its quarterly earnings results on Wednesday. The financial services provider reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.15, MarketWatch Earnings reports. The business had revenue of $333.63 million for the quarter, compared to analysts’ expectations of $281.17 million. Compass Diversified had a negative net margin of 4.52% and a positive return on equity of 10.53%.

NYSE:CODI traded down $0.05 during mid-day trading on Friday, reaching $15.95. 142,984 shares of the company’s stock traded hands, compared to its average volume of 205,959. Compass Diversified has a 12-month low of $10.78 and a 12-month high of $26.37. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.24 and a quick ratio of 2.60. The company has a 50 day moving average price of $17.02 and a 200-day moving average price of $18.15. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -7.63 and a beta of 1.84.

The company also recently announced a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Thursday, July 16th were issued a dividend of $0.36 per share. The ex-dividend date was Wednesday, July 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 9.03%. Compass Diversified’s dividend payout ratio is currently 83.24%.

In related news, major shareholder Anholt Investments Ltd. purchased 131,100 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average cost of $15.40 per share, with a total value of $2,018,940.00. Also, insider Patrick A. Maciariello acquired 6,250 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were purchased at an average cost of $17.56 per share, for a total transaction of $109,750.00. Following the completion of the transaction, the insider now owns 172,268 shares in the company, valued at approximately $3,025,026.08. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 192,350 shares of company stock worth $3,079,640. Corporate insiders own 2.70% of the company’s stock.

Several equities analysts recently commented on CODI shares. William Blair reaffirmed an “outperform” rating on shares of Compass Diversified in a report on Tuesday, June 16th. ValuEngine cut Compass Diversified from a “hold” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research upgraded Compass Diversified from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Jefferies Financial Group started coverage on Compass Diversified in a report on Wednesday, April 22nd. They set a “buy” rating and a $22.00 target price for the company. Finally, Roth Capital reaffirmed a “buy” rating and issued a $20.00 price target on shares of Compass Diversified in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $20.67.

Compass Diversified Company Profile

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 for Compass Diversified (NYSE:CODI)

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