Cadre (NYSE:CDRE) Issues Earnings Results

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

Cadre Stock Performance

Shares of NYSE CDRE opened at $42.73 on Wednesday. The company has a current ratio of 3.59, a quick ratio of 2.56 and a debt-to-equity ratio of 0.90. Cadre has a 12 month low of $27.07 and a 12 month high of $44.29. The company has a 50 day simple moving average of $36.78 and a two-hundred day simple moving average of $33.95. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 45.46, a PEG ratio of 1.54 and a beta of 1.36.

Cadre Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, October 31st. Cadre’s payout ratio is presently 40.43%.

Institutional Trading of Cadre

Several institutional investors and hedge funds have recently bought and sold shares of CDRE. Jane Street Group LLC boosted its position in Cadre by 98.5% in the 1st quarter. Jane Street Group LLC now owns 48,052 shares of the company’s stock worth $1,423,000 after purchasing an additional 23,844 shares in the last quarter. American Century Companies Inc. boosted its position in Cadre by 6.1% in the 2nd quarter. American Century Companies Inc. now owns 48,951 shares of the company’s stock worth $1,559,000 after purchasing an additional 2,815 shares in the last quarter. Squarepoint Ops LLC boosted its position in Cadre by 101.4% in the 2nd quarter. Squarepoint Ops LLC now owns 49,043 shares of the company’s stock worth $1,562,000 after purchasing an additional 24,697 shares in the last quarter. First Trust Advisors LP boosted its position in Cadre by 238.2% in the 2nd quarter. First Trust Advisors LP now owns 68,124 shares of the company’s stock worth $2,170,000 after purchasing an additional 47,982 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position 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 in the last quarter. 43.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on CDRE. Wall Street Zen upgraded shares of Cadre from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadre in a report on Wednesday, October 8th. Lake Street Capital boosted their target price on shares of Cadre from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Bank of America downgraded shares of Cadre from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $38.00 to $26.00 in a report on Wednesday, August 13th. Finally, Roth Capital restated a “buy” rating and set a $44.00 price target on shares of Cadre in a research note on Friday, October 10th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $37.50.

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.