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

Cadre (NYSE:CDRE) issued 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 company had revenue of $202.88 million for the quarter, compared to analyst estimates of $190.67 million. Cadre had a net margin of 5.61% and a return on equity of 13.59%.

Cadre Trading Down 0.3%

Shares of Cadre stock traded down $0.09 during trading on Friday, hitting $32.18. The company’s stock had a trading volume of 58,716 shares, compared to its average volume of 394,381. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 33.91, a price-to-earnings-growth ratio of 1.04 and a beta of 1.29. Cadre has a 52 week low of $24.07 and a 52 week high of $48.76. The stock has a 50-day moving average price of $27.87 and a two-hundred day moving average price of $32.13. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.14 and a quick ratio of 1.35.

Cadre Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.2%. Cadre’s payout ratio is currently 42.11%.

Insider Activity at Cadre

In other news, CEO Warren Kanders sold 100,000 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $33.36, for a total value of $3,336,000.00. Following the completion of the sale, the chief executive officer owned 9,517,039 shares of the company’s stock, valued at approximately $317,488,421.04. This represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 30.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CDRE shares. Wall Street Zen raised shares of Cadre from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Roth Capital reiterated 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. Weiss Ratings reissued a “hold (c)” rating on shares of Cadre in a report on Monday, August 17th. JPMorgan Chase & Co. lowered their target price on Cadre from $45.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, October 13th. Finally, UBS Group set a $43.00 price target on Cadre in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $43.33.

Cadre Company Profile

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.