- Cash available for distribution of $15.6M or $0.29 per share fell short of consensus by a nickel, and of analyst Kyle Joseph's estimate by three cents. The largest contributor to the miss was higher-than-forecast capital expenditures.
- On the positive side though, CODI management guided for a big $0.30-$0.35 of annual CAD per share accretion from the 5.11 Tactical acquisition.
- Joseph sticks with his Buy rating and $20 price target, suggesting 13% upside on this 8.3% yielder.
- Kyle Joseph ranks #2,746 out of 4,105 analysts on TipRanks.