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

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

Cadre Price Performance

NYSE:CDRE traded down $0.13 during trading hours on Wednesday, reaching $30.93. The company had a trading volume of 334,535 shares, compared to its average volume of 525,047. The stock has a 50-day moving average of $27.86 and a two-hundred day moving average of $32.19. Cadre has a one year low of $24.07 and a one year high of $48.76. The firm has a market capitalization of $1.32 billion, a PE ratio of 36.39, a PEG ratio of 1.04 and a beta of 1.29. The company has a quick ratio of 1.35, a current ratio of 2.14 and a debt-to-equity ratio of 1.02.

Cadre Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have issued reports on CDRE shares. Roth Capital reissued a “buy” rating and issued a $43.00 price target (up from $40.00) on shares of Cadre in a report on Monday, August 10th. Wall Street Zen raised shares of Cadre from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Jefferies Financial Group reiterated a “buy” rating and set a $43.00 target price on shares of Cadre in a research report on Sunday, August 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Cadre in a research note on Monday, August 17th. Finally, DA Davidson upped their target price on shares of Cadre from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Cadre presently has an average rating of “Moderate Buy” and an average target price of $43.33.

Insider Activity

In other news, CEO Warren Kanders sold 100,000 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $33.36, for a total value of $3,336,000.00. Following the sale, the chief executive officer owned 9,517,039 shares in the company, valued at approximately $317,488,421.04. The trade was a 1.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 30.10% of the company’s stock.

About Cadre

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.