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

Cadre (NYSE:CDRE) posted its quarterly earnings data on Wednesday. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02, Briefing.com reports. The firm had revenue of $109.41 million for the quarter, compared to the consensus estimate 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 in the prior 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 during trading on Thursday, reaching $33.99. 502,514 shares of the company’s stock were exchanged, compared to its average volume of 229,410. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.17 and a quick ratio of 2.14. Cadre has a 1 year low of $28.14 and a 1 year high of $40.28. The company’s fifty day simple moving average is $36.97 and its 200-day simple moving average is $34.92. The stock has a market capitalization of $1.38 billion, a P/E ratio of 32.88, a price-to-earnings-growth ratio of 2.08 and a beta of 1.30.

Cadre Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Roth Mkm cut their price target on shares of Cadre from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday. Two 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.75.

Cadre Company Profile

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.