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Compass Diversified Declares Second Quarter 2024 Distributions on Common and Series A, B and C Preferred Shares
GlobeNewswire News Room· 2024-07-02 20:15
The Board also declared a quarterly cash distribution of $0.453125 per share on the Company's 7.250% Series A Preferred Shares (the "Series A Preferred Shares"). The distribution on the Series A Preferred Shares covers the period from, and including, April 30, 2024, up to, but excluding, July 30, 2024. The distribution for such period is payable on July 30, 2024, to all holders of record of Series A Preferred Shares as of July 15, 2024. The Board also declared a quarterly cash distribution of $0.4921875 per ...
Compass to Announce Second Quarter 2024 Earnings on Wednesday, July 31
Prnewswire· 2024-07-01 20:05
Call details are as follows: 1 T. Velt, "eXp, Compass top 2024 RealTrends Verified brokerage rankings for the third year," Online, HW Media, 3/22/24, https://www.housingwire.com/articles/exp-compass-top-2024-realtrends-verified-brokeragerankings-again/ About Compass Compass is the largest residential real estate brokerage in the United States by sales volume. Founded in 2012 and based in New York City, Compass provides an end-to-end platform that empowers its residential real estate agents to deliver except ...
CMPGY vs. CMG: Which Stock Should Value Investors Buy Now?
ZACKS· 2024-06-28 16:40
These are just a few of the metrics contributing to CMPGY's Value grade of B and CMG's Value grade of F. Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits. Value investors also tend to look at a number of traditio ...
Compass Pathways appoints Lori Englebert as Chief Commercial Officer
GlobeNewswire News Room· 2024-06-26 10:30
New executive appointment made ahead of pivotal study results, potential regulatory approval and subsequent commercialization of investigational COMP360 psilocybin treatment Latest of several key executive team hires, rounding out team to take Compass through phase 3 and beyond Lori brings multifaceted experience in global pharmaceuticals and joins from Axsome Therapeutics, where she spent nearly five years as a member of the executive team serving as head of commercial and business development and most rec ...
Compass Pathways to participate in upcoming H.C. Wainwright 5th Annual Neuro Perspectives Virtual Conference
GlobeNewswire News Room· 2024-06-24 20:01
Enquiries LONDON, June 24, 2024 (GLOBE NEWSWIRE) -- Compass Pathways plc (Nasdaq: CMPS), a biotechnology company dedicated to accelerating patient access to evidence-based innovation in mental health, announced today that management will hold a fireside chat at the H.C. Wainwright 5th Annual Neuro Perspectives Virtual Conference at 7:00 am ET on June 27, 2024. The company will also participate in a panel discussion titled "Commercialization of Novel Compounds in Psychiatry" at 12:00pm ET on June 27, 2024. A ...
Compass Deadline: CMP Investors Have Opportunity to Lead Compass Minerals International, Inc. Securities Fraud Lawsuit Filed by Rosen Law Firm
Prnewswire· 2024-06-20 18:50
NEW YORK, June 20, 2024 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds investors a shareholder filed a class action lawsuit on behalf of all purchasers of securities of Compass Minerals International, Inc. (NYSE: CMP) between November 29, 2023 and March 22, 2024, both dates inclusive (the "Class Period"). Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by June 24, 2024. The Rosen Law Firm is investigating the Allegations that ...
Compass Minerals International, Inc. Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm Before June 24, 2024 to Discuss Your Rights - CMP
Prnewswire· 2024-06-20 09:45
Shareholders who purchased shares of CMP during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/compass-minerals-loss-submission-form/?id=86298&from=4 WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a ...
Compass Minerals International, Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before June 24, 2024 to Discuss Your Rights - CMP
Prnewswire· 2024-06-17 09:45
Shareholders who purchased shares of CMP during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Compass Minerals overstated the likelihood that it would be awarded a renewed U.S. Forest Service contract for the use ...
Compass: A Renovated Business Model With An Attractive View
Seeking Alpha· 2024-06-13 19:17
Core Viewpoint - Compass, Inc. is transitioning from a growth-focused strategy to one centered on profitability and cash flow, aiming for positive EBITDA and free cash flow in 2024 after facing significant challenges in the real estate market [3][4][7]. Company Overview - Compass, Inc. is a traditional real estate brokerage firm founded in 2012, investing over $1.5 billion in technology and data to enhance real estate transactions [1]. - The company has nearly 14,000 agents and a Gross Transaction Volume (GTV) close to $180 billion, making it the largest independent real estate brokerage by GTV, with a 4.6% market share in the U.S. and 30% in its top three MLS cities [1]. Market Context - The real estate market is highly cyclical, with transaction volumes expected to bottom out in 2024, leading to potential growth in 2025 [4][7]. - Residential transaction volume decreased by 3.5% year-over-year in Q1 2024, following declines of 19% in 2023 and 18% in 2022 [7]. Financial Performance - In 2023, Compass experienced a 15% decline in total transactions, outperforming the market's 19% decline [7]. - The company aims to generate positive free cash flow (FCF) in 2024, recovering from a FCF loss of $360 million in 2022, with cash burn reduced to $37 million in 2023 [7]. - Compass had approximately $165 million in cash and no debt at the end of Q1 2024, with expectations to maintain a strong balance sheet despite potential cash outflows for settlements and share repurchases [7]. Growth Potential - The company is projected to grow revenue by over 10% through the cycle, with earnings and FCF growth closer to 15% due to operating leverage [4]. - At the midpoint of the cycle in 2026/2027, Compass is expected to generate FCF per share of $0.30 to $0.40, with a valuation target of $6.00+ in three years based on historical market multiples [4]. IPO and Market Challenges - Compass went public in 2021 during favorable market conditions, but has since seen its stock decline approximately 80% from its IPO level due to changing market dynamics and rising interest rates [5][10]. - The company is considered one of the few legitimate public companies from the 2021 IPO class, despite the overall market contraction affecting newly public companies disproportionately [10].
Compass Group (CMPGY) Upgraded to Buy: What Does It Mean for the Stock?
ZACKS· 2024-06-12 17:01
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time. The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term pr ...