Cadre (NYSE:CDRE) Posts Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Cadre (NYSE:CDRE) issued its earnings results on Tuesday. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.07), Briefing.com reports. Cadre had a return on equity of 21.85% and a net margin of 8.01%. The firm had revenue of $137.86 million during the quarter, compared to the consensus estimate of $127.99 million. During the same quarter in the prior year, the business posted $0.19 EPS. The firm’s revenue for the quarter was up 23.4% on a year-over-year basis.

Cadre Stock Performance

Shares of Cadre stock traded down $2.73 during trading hours on Wednesday, reaching $31.62. 540,058 shares of the stock traded hands, compared to its average volume of 250,174. The company has a 50 day moving average price of $35.14 and a 200 day moving average price of $33.40. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 30.05, a P/E/G ratio of 1.80 and a beta of 1.35. Cadre has a one year low of $19.13 and a one year high of $39.81. The company has a quick ratio of 1.73, a current ratio of 2.58 and a debt-to-equity ratio of 0.65.

Cadre Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be paid a dividend of $0.0875 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.11%. Cadre’s dividend payout ratio is currently 34.31%.

Insider Buying and Selling at Cadre

In other Cadre news, CEO Warren B. Kanders sold 1,438,127 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $35.00, for a total transaction of $50,334,445.00. Following the completion of the sale, the chief executive officer now directly owns 12,184,918 shares in the company, valued at approximately $426,472,130. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 49.20% of the company’s stock.

Analysts Set New Price Targets

CDRE has been the subject of several recent analyst reports. Raymond James lowered Cadre from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. B. Riley reissued a “buy” rating and issued a $48.00 target price (up previously from $40.00) on shares of Cadre in a research report on Wednesday, March 6th. Roth Mkm reissued a “buy” rating and issued a $43.00 target price (up previously from $38.00) on shares of Cadre in a research report on Wednesday, March 6th. Stephens boosted their target price on Cadre from $36.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Finally, Stifel Nicolaus boosted their target price on Cadre from $33.00 to $34.00 and gave the stock a “hold” rating in a research report on Wednesday, March 6th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Cadre currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.25.

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.