CompoSecure Shares Rise After Q4 Results Top Estimates-June 2024-www.financetom.com

CompoSecure Shares Rise After Q4 Results Top Estimates

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CompoSecure Shares Rise After Q4 Results Top Estimates

Mar 7, 2024 11:16 AM

01:44 PM EST, 03/07/2024 (MT Newswires) -- CompoSecure ( CMPO ) shares jumped 30% in recent Thursday trading, a day after the company reported Q4 earnings and revenue that topped estimates by analysts.

The company on Wednesday reported Q4 adjusted diluted earnings of $0.26 a share, up from $0.20 a year earlier.

Analysts polled by Capital IQ expected $0.23.

Revenue in the quarter ended Dec. 31 rose to $99.9 million from $93.8 million a year earlier.

Analysts surveyed by Capital IQ expected $96.5 million.

The company expects 2024 sales of $408 million to $428 million.

Analysts surveyed by Capital IQ expect $418.7 million.

The company announced a $40 million share repurchase program to run from three years starting Thursday.

On Thursday, Benchmark and B. Riley Securities boosted their price targets on CompoSecure ( CMPO ) and maintained their buy ratings.

Price: 6.15, Change: +1.45, Percent Change: +30.44

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