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

Cadre (NYSE:CDRE) released its quarterly earnings data on Wednesday. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.09, FiscalAI reports. The business had revenue of $202.88 million for 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

Shares of CDRE traded down $0.13 during trading hours on Wednesday, reaching $30.93. The stock had a trading volume of 334,535 shares, compared to its average volume of 525,047. Cadre has a 12 month low of $24.07 and a 12 month high of $48.76. The stock 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 debt-to-equity ratio of 1.02, a quick ratio of 1.35 and a current ratio of 2.14. The company’s 50-day moving average is $27.86 and its two-hundred day moving average is $32.19.

Cadre Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders 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 is Friday, October 30th. Cadre’s dividend payout ratio is presently 47.06%.

Analysts Set New Price Targets

A number of research firms have issued reports on CDRE. JPMorgan Chase & Co. decreased their target price on Cadre from $45.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 13th. DA Davidson increased their target price on shares of Cadre from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Roth Capital restated a “buy” rating and issued a $43.00 price target (up from $40.00) on shares of Cadre in a research note on Monday, August 10th. Wall Street Zen upgraded shares of Cadre from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadre in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $43.33.

Insider Buying and Selling at Cadre

In related news, CEO Warren Kanders sold 100,000 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $33.36, for a total transaction of $3,336,000.00. Following the sale, the chief executive officer owned 9,517,039 shares in the company, valued at $317,488,421.04. The trade was a 1.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 30.10% of the stock is currently owned by company insiders.

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.