Cadre (NYSE:CDRE) Issues Earnings Results

Cadre (NYSE:CDRE) released its quarterly earnings results on Tuesday. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.16), Briefing.com reports. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The firm had revenue of $175.98 million for the quarter, compared to the consensus estimate of $170.95 million. During the same period in the previous year, the company earned $0.25 earnings per share. Cadre’s quarterly revenue was up 41.3% compared to the same quarter last year.

Cadre Stock Performance

Shares of NYSE CDRE traded down $0.20 during midday trading on Tuesday, hitting $33.65. 293,351 shares of the company’s stock traded hands, compared to its average volume of 243,000. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.96 and a current ratio of 3.01. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 40.54, a price-to-earnings-growth ratio of 1.58 and a beta of 1.30. The firm has a fifty day moving average of $35.13 and a 200 day moving average of $35.48. Cadre has a 1 year low of $29.19 and a 1 year high of $40.28.

Cadre Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.095 per share. This is an increase from Cadre’s previous quarterly dividend of $0.09. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Friday, January 31st. Cadre’s payout ratio is currently 45.78%.

Insider Activity at Cadre

In other Cadre news, CEO Warren B. Kanders sold 25,000 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $35.29, for a total transaction of $882,250.00. Following the completion of the sale, the chief executive officer now owns 11,407,211 shares of the company’s stock, valued at approximately $402,560,476.19. The trade was a 0.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 37.00% of the stock is currently owned by company insiders.

About Cadre

Cadre Holdings, Inc manufactures and distributes safety that provides protection to users in hazardous or life-threatening situations in the United States and internationally. The company operates in two segments, Products and Distribution. It offers body armor product, such as concealable, corrections, and tactical armor under the Safariland and Protech Tactical brand names; survival suits, remotely operated vehicles, specialty tools, blast sensors, accessories, and vehicle blast attenuation seats for bomb safety technicians; bomb suits; duty gear, including belts and accessories; and other protective equipment comprising communications gear, forensic and investigation products, firearms cleaning solutions, and crowd control products.