Revenue Update on Compass Diversified Holdings(NYSE:CODI)

Compass Diversified Holdings(NYSE:CODI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $229.39M. Analysts estimated a revenue of $228.45M. Earnings per share were $0.33. Analysts had estimated an EPS of $0.34.

In a different note, SunTrust Robinson Humphrey said it Initiates Coverage on Compass Diversified Holdings, according to a research note issued on Jul 20, 2016. The shares have been rated ‘Buy’ by the firm.

Compass Diversified Holdings (CODI) shares turned negative on Fridays trading session with the shares closing down -0.06 points or -0.35% at a volume of 1,42,471. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.16. The peak price level was also seen at $17.16 while the days lowest was $17.03. Finally the shares closed at $17.06. The 52-week high of the shares is $17.58 while the 52-week low is $9.7. According to the latest information available, the market cap of the company is $926 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.

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