Compass Diversified Holdings (CODI) was Initiated by SunTrust to “Buy” and the brokerage firm has set the Price Target at $19. SunTrust advised their investors in a research report released on Jul 20, 2016.
On the company’s financial health, Compass Diversified Holdings reported $-0.31 EPS for the quarter, missing the analyst consensus estimate by $ -0.43 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.12. The company had revenue of $208.05 million for the quarter, compared to analysts expectations of $198.55 million. The company’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.47 EPS.
Compass Diversified Holdings opened for trading at $16.97 and hit $17 on the upside on Monday, eventually ending the session at $16.97, with a gain of 0.30% or 0.05 points. The heightened volatility saw the trading volume jump to 2,34,431 shares. Company has a market cap of $921 M.
Compass Diversified Holdings and Compass Group Diversified Holdings LLC (the Company) acquires and manages a group of small and middle-market businesses. The Company’s operating segments include CamelBak Products LLC. (CamelBak) The Ergo Baby Carrier Inc. (Ergobaby) Liberty Safe and Security Products Inc. (Liberty Safe or Liberty) Compass AC Holdings Inc. (ACI or Advanced Circuits) American Furniture Manufacturing Inc. (AFM or American Furniture) AMT Acquisition Corporation (Arnold or Arnold Magnetics) Clean Earth Holdings Inc. (Clean Earth) Candle Lamp Company LLC (SternoCandleLamp) and Tridien Medical Inc. (Tridien). The Company through its subsidiary Fresh Hemp Foods Ltd. (Manitoba Harvest) is engaged in manufacturing and marketing of branded hemp-based food products.