Compass Diversified Holdings (CODI) Releases Earnings Results, Beats Expectations By $0.17 EPS

Compass Diversified Holdings (CODI) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $0.33 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.17. Analysts had a consensus of $0.16. The company posted revenue of $229.39 million in the period, compared to analysts expectations of $229.78 million. The company’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Many Wall Street Analysts have commented on Compass Diversified Holdings. SunTrust Initiated Compass Diversified Holdings on Jul 20, 2016 to “Buy”, Price Target of the shares are set at $19.

Compass Diversified Holdings closed down -0.28 points or -1.63% at $16.88 with 1,53,873 shares getting traded on Tusday. Post opening the session at $17.05, the shares hit an intraday low of $16.75 and an intraday high of $17.05 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

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.

Compass Diversified Holdings

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