Cadre (NYSE:CDRE) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Cadre (NYSE:CDRE) announced its quarterly earnings data on Tuesday. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01, Zacks reports. Cadre had a net margin of 6.65% and a return on equity of 12.08%. The business had revenue of $155.87 million for the quarter, compared to analyst estimates of $158.96 million. During the same period in the prior year, the business posted $0.09 earnings per share. Cadre’s revenue was up 42.5% compared to the same quarter last year. Cadre updated its FY 2025 guidance to EPS.

Cadre Stock Up 4.3%

Shares of CDRE traded up $1.85 during trading hours on Wednesday, hitting $44.38. The company had a trading volume of 61,625 shares, compared to its average volume of 293,244. The firm has a fifty day moving average price of $36.78 and a 200-day moving average price of $33.95. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.56 and a current ratio of 3.59. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 47.23, a P/E/G ratio of 1.54 and a beta of 1.36. Cadre has a 52-week low of $27.07 and a 52-week high of $45.61.

Cadre Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be given a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, October 31st. Cadre’s payout ratio is currently 40.43%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Lake Street Capital raised their target price on shares of Cadre from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Weiss Ratings restated a “hold (c)” rating on shares of Cadre in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Cadre from a “hold” rating to a “buy” rating in a research report on Saturday. Roth Capital reissued a “buy” rating and set a $44.00 target price on shares of Cadre in a report on Friday, October 10th. Finally, Bank of America downgraded shares of Cadre from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $38.00 to $26.00 in a research report on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Cadre presently has an average rating of “Hold” and an average price target of $37.50.

Institutional Investors Weigh In On Cadre

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CDRE. Integrated Wealth Concepts LLC purchased a new stake in Cadre in the 1st quarter worth approximately $230,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Cadre by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,451 shares of the company’s stock worth $458,000 after acquiring an additional 628 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Cadre by 24,275.0% in the 1st quarter. Jones Financial Companies Lllp now owns 4,875 shares of the company’s stock worth $144,000 after purchasing an additional 4,855 shares during the period. Goldman Sachs Group Inc. boosted its stake in Cadre by 9.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 372,211 shares of the company’s stock worth $11,021,000 after purchasing an additional 31,123 shares during the period. Finally, Jane Street Group LLC raised its holdings in Cadre by 98.5% during the 1st quarter. Jane Street Group LLC now owns 48,052 shares of the company’s stock valued at $1,423,000 after buying an additional 23,844 shares during the period. 43.95% of the stock is owned by hedge funds and other institutional investors.

Cadre Company Profile

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.