Compass Diversified (CODI) to Release Quarterly Earnings on Thursday

Posted by Defense World Staff on Oct 26th, 2023

Compass Diversified (NYSE:CODI – Get Free Report) will be issuing its quarterly earnings data after the market closes on Thursday, November 2nd. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Compass Diversified (NYSE:CODI – Get Free Report) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.08. The company had revenue of $524.16 million during the quarter, compared to the consensus estimate of $559.30 million. Compass Diversified had a return on equity of 8.12% and a net margin of 2.95%. 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 Price Performance

Shares of Compass Diversified stock opened at $17.75 on Thursday. The company has a quick ratio of 1.39, a current ratio of 3.77 and a debt-to-equity ratio of 1.58. The company has a market cap of $1.28 billion, a PE ratio of 45.51 and a beta of 1.76. The business has a 50 day moving average of $19.37 and a 200 day moving average of $20.24. Compass Diversified has a 52 week low of $16.32 and a 52 week high of $22.91.

Compass Diversified Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Thursday, October 19th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, October 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.63%. Compass Diversified’s dividend payout ratio is presently 256.42%.

Insider Buying and Selling

In other news, major shareholder Anholt Investments Ltd. purchased 33,402 shares of Compass Diversified stock in a transaction that occurred on Tuesday, October 3rd. The shares were bought at an average cost of $18.12 per share, with a total value of $605,244.24. Following the completion of the purchase, the insider now directly owns 7,976,376 shares in the company, valued at $144,531,933.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Elias Sabo purchased 5,000 shares of Compass Diversified stock in a transaction that occurred on Monday, August 7th. The shares were bought at an average cost of $22.18 per share, with a total value of $110,900.00. Following the completion of the purchase, the insider now directly owns 331,826 shares in the company, valued at $7,359,900.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Anholt Investments Ltd. bought 33,402 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The stock was bought at an average cost of $18.12 per share, for a total transaction of $605,244.24. Following the completion of the purchase, the insider now owns 7,976,376 shares of the company’s stock, valued at approximately $144,531,933.12. The disclosure for this purchase can be found here. Insiders have bought a total of 98,802 shares of company stock valued at $2,024,878 over the last ninety days. Company insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Compass Diversified

Institutional investors have recently modified their holdings of the stock. Money Concepts Capital Corp grew its stake in shares of Compass Diversified by 352.9% in the fourth quarter. Money Concepts Capital Corp now owns 1,508 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 1,175 shares during the last quarter. Ensign Peak Advisors Inc purchased a new stake in shares of Compass Diversified during the third quarter valued at $29,000. Tower Research Capital LLC TRC boosted its position in shares of Compass Diversified by 216.5% during the first quarter. Tower Research Capital LLC TRC now owns 2,263 shares of the financial services provider’s stock valued at $43,000 after buying an additional 1,548 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Compass Diversified during the second quarter valued at $55,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Compass Diversified during the fourth quarter valued at $57,000. 50.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Compass Diversified in a report on Thursday, October 5th. They set a “hold” rating for the company.

View Our Latest Research Report on Compass Diversified

About Compass Diversified

(Get Free Report)

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, safety & security, electronic components, food, foodservice.