Cadre (NYSE:CDRE) Issues Earnings Results, Beats Estimates By $0.09 EPS

Cadre (NYSE:CDRE) released its earnings results on Wednesday. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09, FiscalAI reports. Cadre had a return on equity of 12.02% and a net margin of 5.26%. The business had revenue of $202.88 million for the quarter, compared to the consensus estimate of $190.67 million.

Cadre Trading Up 3.7%

Shares of Cadre stock traded up $1.15 during midday trading on Thursday, reaching $31.99. The company had a trading volume of 294,983 shares, compared to its average volume of 394,555. The stock has a fifty day moving average price of $27.86 and a 200 day moving average price of $32.19. Cadre has a fifty-two week low of $24.07 and a fifty-two week high of $48.76. The firm has a market cap of $1.37 billion, a PE ratio of 37.48, a P/E/G ratio of 1.04 and a beta of 1.29. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.14 and a quick ratio of 1.35.

Cadre Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, October 30th. Cadre’s payout ratio is currently 47.06%.

Insiders Place Their Bets

In other Cadre news, CEO Warren Kanders sold 100,000 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $33.36, for a total value of $3,336,000.00. Following the transaction, the chief executive officer owned 9,517,039 shares in the company, valued at approximately $317,488,421.04. This represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 30.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CDRE. Roth Capital reissued a “buy” rating and issued a $43.00 price objective (up from $40.00) on shares of Cadre in a research report on Monday, August 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadre in a research note on Monday, August 17th. Wall Street Zen upgraded Cadre from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. cut their price target on Cadre from $45.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. Finally, Jefferies Financial Group restated a “buy” rating and set a $43.00 price objective on shares of Cadre in a research note on Sunday, August 9th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.33.

Cadre Company Profile

Cadre Holdings, Inc is a manufacturer and supplier of equipment used by law enforcement, military personnel, first responders and other public-safety professionals. The company develops products designed to protect personnel, support mission readiness and improve operational performance in demanding environments.

Cadre’s product portfolio includes body armor, tactical equipment, duty gear, holsters, helmets, protective apparel, restraints and related accessories. Its brands also provide equipment for explosive-ordnance disposal, emergency rescue and water-safety applications.