Compass Diversified (CODI) to Release Earnings on Wednesday

Compass Diversified (NYSE:CODI - Get Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.41 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Compass Diversified (NYSE:CODI - Get Free Report) last issued its earnings results on Wednesday, February 28th. The financial services provider reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.09). Compass Diversified had a return on equity of 11.93% and a net margin of 9.43%. The firm 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

NYSE CODI traded up $0.02 during trading hours on Wednesday, hitting $23.23. The company had a trading volume of 98,832 shares, compared to its average volume of 203,737. 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 1-year low of $16.88 and a 1-year high of $25.07. The company has a market cap of $1.75 billion, a PE ratio of 10.05 and a beta of 1.72. The business has a 50 day moving average of $23.37 and a 200-day moving average of $21.57.

Compass Diversified Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 18th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, April 17th. This represents a $1.00 annualized dividend and a yield of 4.30%. Compass Diversified's dividend payout ratio is presently 43.29%.

Wall Street Analyst Weigh In

Several research firms have issued reports on CODI. Bank of America upped their price objective on shares of Compass Diversified from $27.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, March 7th. Oppenheimer upped their price objective on shares of Compass Diversified from $21.00 to $23.00 and gave the company a "market perform" rating in a research note on Tuesday, March 5th. Finally, William Blair reiterated an "outperform" rating on shares of Compass Diversified in a research note on Wednesday, March 6th.

Insider Buying and Selling

In related news, major shareholder Cgi Magyar Holdings Llc sold 7,510 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $24.92, for a total transaction of $187,149.20. Following the completion of the transaction, the insider now directly owns 7,991,471 shares of the company's stock, valued at $199,147,457.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Elias Sabo bought 30,000 shares of the company's stock in a transaction on Friday, January 26th. The stock was bought at an average cost of $22.95 per share, with a total value of $688,500.00. Following the completion of the acquisition, the insider now owns 675,549 shares in the company, valued at approximately $15,503,849.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Cgi Magyar Holdings Llc sold 7,510 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $24.92, for a total transaction of $187,149.20. Following the completion of the sale, the insider now owns 7,991,471 shares in the company, valued at $199,147,457.32. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.

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.