Cadre (NYSE:CDRE) Releases Earnings Results, Beats Expectations By $0.02 EPS

Cadre (NYSE:CDRE) released its quarterly earnings data on Wednesday. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02, Briefing.com reports. Cadre had a return on equity of 17.45% and a net margin of 7.55%. The business had revenue of $109.41 million for the quarter, compared to analysts’ expectations of $126.27 million. During the same quarter in the previous year, the business posted $0.29 EPS. Cadre’s revenue for the quarter was down 12.6% on a year-over-year basis. Cadre updated its FY 2024 guidance to EPS.

Cadre Stock Down 8.5 %

Cadre stock traded down $3.16 during mid-day trading on Thursday, reaching $33.99. The company’s stock had a trading volume of 502,514 shares, compared to its average volume of 229,410. The business’s 50 day simple moving average is $36.97 and its 200 day simple moving average is $34.92. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.14 and a current ratio of 3.17. Cadre has a 12 month low of $28.14 and a 12 month high of $40.28. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 32.88, a price-to-earnings-growth ratio of 2.08 and a beta of 1.30.

Cadre Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 1.03%. The ex-dividend date is Friday, November 1st. Cadre’s payout ratio is 33.98%.

Wall Street Analyst Weigh In

Separately, Roth Mkm reduced their price target on shares of Cadre from $39.00 to $37.00 and set a “buy” rating for the company in a report on Thursday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.75.

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.