Cadre (NYSE:CDRE) Issues Earnings Results, Beats Estimates By $0.02 EPS

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

Cadre Stock Performance

CDRE traded down $3.16 on Thursday, reaching $33.99. The company had a trading volume of 502,514 shares, compared to its average volume of 229,410. The stock has a market cap of $1.38 billion, a P/E ratio of 32.88, a P/E/G ratio of 2.08 and a beta of 1.30. 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 fifty-two week low of $28.14 and a fifty-two week high of $40.28. The company’s fifty day moving average is $36.97 and its 200 day moving average is $34.92.

Cadre Announces Dividend

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

Analysts Set New Price Targets

Separately, Roth Mkm cut their target price on shares of Cadre from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Cadre has a consensus rating of “Moderate Buy” and an average 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.