CompoSecure (CMPO) Set to Announce Earnings on Friday

CompoSecure (NASDAQ:CMPO) will post its quarterly earnings results before the market opens on Friday, November 8th. Analysts expect CompoSecure to post earnings of $0.29 per share for the quarter. CompoSecure has set its FY 2024 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

CompoSecure (NASDAQ:CMPO) last issued its earnings results on Wednesday, August 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The company had revenue of $108.57 million during the quarter, compared to analyst estimates of $102.22 million. CompoSecure had a negative return on equity of 11.78% and a net margin of 6.33%. During the same quarter last year, the business posted $0.25 EPS. On average, analysts expect CompoSecure to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CompoSecure Price Performance

Shares of CMPO stock opened at $15.11 on Friday. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 1.05 and a beta of 0.78. The business has a fifty day moving average of $13.48 and a 200 day moving average of $9.53. CompoSecure has a 1 year low of $4.61 and a 1 year high of $15.76.

Insider Activity

In other news, CEO Jonathan Wilk sold 618,014 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total transaction of $4,666,005.70. Following the sale, the chief executive officer now directly owns 618,013 shares in the company, valued at $4,665,998.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Michele Logan sold 10,017,983 shares of CompoSecure stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total value of $75,635,771.65. Following the sale, the director now directly owns 2,043,320 shares in the company, valued at approximately $15,427,066. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jonathan Wilk sold 618,014 shares of CompoSecure stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total value of $4,666,005.70. Following the completion of the sale, the chief executive officer now owns 618,013 shares in the company, valued at approximately $4,665,998.15. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,867,586 shares of company stock worth $82,870,442 in the last ninety days. Company insiders own 74.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Bank of America increased their price target on CompoSecure from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. increased their price target on CompoSecure from $8.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Compass Point increased their price target on CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Benchmark increased their price target on CompoSecure from $12.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Finally, Needham & Company LLC increased their price target on CompoSecure from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.07.

About CompoSecure

CompoSecure, Inc manufactures and designs metal, composite, and proprietary financial transaction cards in the United States and internationally. Its primary metal form factors include embedded, metal veneer lite, metal veneer, and full metal products. The company also offers Arculus Cold Storage Wallet, a three-factor authentication solution, which supports specific digital assets, including Bitcoin, Ethereum, non-fungible tokens and others.