B. Riley Expects Increased Earnings for Compass Diversified

Compass Diversified (NYSE:CODI) – Equities researchers at B. Riley raised their FY2024 earnings per share estimates for Compass Diversified in a report released on Wednesday, December 4th. B. Riley analyst M. Howlett now forecasts that the financial services provider will post earnings per share of $1.96 for the year, up from their prior estimate of $1.89. The consensus estimate for Compass Diversified’s current full-year earnings is $1.96 per share. B. Riley also issued estimates for Compass Diversified’s Q4 2024 earnings at $0.51 EPS, Q1 2025 earnings at $0.52 EPS, Q2 2025 earnings at $0.52 EPS, Q3 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.57 EPS and FY2025 earnings at $2.15 EPS.

Separately, TD Cowen initiated coverage on Compass Diversified in a report on Wednesday, November 27th. They issued a “buy” rating and a $34.00 price target for the company.

Compass Diversified Stock Up 2.0 %

Compass Diversified stock opened at $23.65 on Monday. The stock has a market cap of $1.79 billion, a PE ratio of 49.27, a P/E/G ratio of 1.48 and a beta of 1.66. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.22 and a quick ratio of 1.62. The stock’s fifty day moving average is $22.18 and its two-hundred day moving average is $22.01. Compass Diversified has a 1-year low of $19.76 and a 1-year high of $25.07.

Compass Diversified (NYSE:CODI) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.10. Compass Diversified had a net margin of 6.24% and a return on equity of 12.25%. The firm had revenue of $582.62 million for the quarter, compared to analyst estimates of $571.68 million. During the same period in the prior year, the firm earned $0.34 earnings per share. The business’s quarterly revenue was up 11.8% compared to the same quarter last year.

Compass Diversified Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.23%. The ex-dividend date was Thursday, October 17th. Compass Diversified’s payout ratio is 208.33%.

Insider Transactions at Compass Diversified

In other Compass Diversified news, major shareholder Cgi Magyar Holdings Llc sold 135,274 shares of Compass Diversified stock in a transaction on Monday, November 11th. The shares were sold at an average price of $23.05, for a total value of $3,118,065.70. Following the transaction, the insider now directly owns 7,456,197 shares in the company, valued at approximately $171,865,340.85. The trade was a 1.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Patrick A. Maciariello bought 5,000 shares of Compass Diversified stock in a transaction dated Friday, September 20th. The stock was acquired at an average cost of $21.87 per share, with a total value of $109,350.00. Following the completion of the acquisition, the insider now directly owns 228,518 shares of the company’s stock, valued at approximately $4,997,688.66. The trade was a 2.24 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.76% of the company’s stock.

Hedge Funds Weigh In On Compass Diversified

Several institutional investors have recently bought and sold shares of CODI. Wedbush Securities Inc. raised its stake in shares of Compass Diversified by 2.1% during the 2nd quarter. Wedbush Securities Inc. now owns 28,405 shares of the financial services provider’s stock worth $622,000 after buying an additional 571 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in Compass Diversified by 5.1% during the third quarter. Rockefeller Capital Management L.P. now owns 11,766 shares of the financial services provider’s stock worth $260,000 after acquiring an additional 572 shares during the period. Truist Financial Corp raised its position in Compass Diversified by 1.6% in the second quarter. Truist Financial Corp now owns 48,746 shares of the financial services provider’s stock worth $1,067,000 after acquiring an additional 748 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in Compass Diversified by 5.0% in the third quarter. Verdence Capital Advisors LLC now owns 15,830 shares of the financial services provider’s stock valued at $350,000 after acquiring an additional 755 shares during the period. Finally, D.A. Davidson & CO. lifted its holdings in Compass Diversified by 1.1% in the third quarter. D.A. Davidson & CO. now owns 78,296 shares of the financial services provider’s stock valued at $1,733,000 after acquiring an additional 817 shares during the period. 72.73% of the stock is owned by institutional investors and hedge funds.

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.