Cadre (NYSE:CDRE) Announces Quarterly Earnings Results

by · The Cerbat Gem

Cadre (NYSE:CDRE – Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27, Zacks reports. Cadre had a return on equity of 12.08% and a net margin of 6.65%. Cadre updated its FY 2025 guidance to EPS.

Cadre Stock Up 0.6%

Shares of NYSE:CDRE traded up $0.27 on Tuesday, hitting $42.73. 359,559 shares of the company traded hands, compared to its average volume of 294,412. Cadre has a 52 week low of $27.07 and a 52 week high of $44.29. The company has a quick ratio of 2.56, a current ratio of 3.59 and a debt-to-equity ratio of 0.90. The stock has a 50 day simple moving average of $36.54 and a 200-day simple moving average of $33.86. The company has a market cap of $1.74 billion, a PE ratio of 45.46, a PEG ratio of 1.54 and a beta of 1.34.

Cadre Announces Dividend

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 issued a dividend of $0.095 per share. The ex-dividend date is Friday, October 31st. This represents a $0.38 annualized dividend and a dividend yield of 0.9%. Cadre’s dividend payout ratio (DPR) is presently 40.43%.

Hedge Funds Weigh In On Cadre

Institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its holdings in shares of Cadre by 110.3% during the second quarter. Tower Research Capital LLC TRC now owns 4,283 shares of the company’s stock valued at $136,000 after acquiring an additional 2,246 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Cadre by 34.4% during the second quarter. Canada Pension Plan Investment Board now owns 4,300 shares of the company’s stock valued at $137,000 after acquiring an additional 1,100 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Cadre by 24,275.0% during the first quarter. Jones Financial Companies Lllp now owns 4,875 shares of the company’s stock valued at $144,000 after acquiring an additional 4,855 shares in the last quarter. Rafferty Asset Management LLC purchased a new stake in shares of Cadre during the second quarter valued at $215,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Cadre during the second quarter valued at $232,000. 43.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Check Out Our Latest Report on CDRE

About Cadre

(Get Free Report)

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.

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