Cadre (CDRE) to Release Quarterly Earnings on Tuesday

Cadre (NYSE:CDRE) is expected to be releasing its earnings data before the market opens on Tuesday, March 4th. Analysts expect Cadre to post earnings of $0.48 per share and revenue of $170.95 million for the quarter.

Cadre Stock Down 0.7 %

Shares of Cadre stock opened at $33.34 on Tuesday. The stock has a 50-day simple moving average of $35.18 and a 200-day simple moving average of $35.57. Cadre has a 52-week low of $29.18 and a 52-week high of $40.28. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 40.17, a P/E/G ratio of 1.58 and a beta of 1.27. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.01 and a quick ratio of 1.96.

Cadre Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.095 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.14%. This is a boost from Cadre’s previous quarterly dividend of $0.09. Cadre’s payout ratio is currently 45.78%.

Insider Activity

In related news, CEO Warren B. Kanders sold 25,589 shares of Cadre stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $34.20, for a total value of $875,143.80. Following the completion of the sale, the chief executive officer now directly owns 11,607,211 shares in the company, valued at $396,966,616.20. This trade represents a 0.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nicolas Sokolow sold 1,662 shares of Cadre stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $33.75, for a total transaction of $56,092.50. Following the sale, the director now owns 82,385 shares of the company’s stock, valued at approximately $2,780,493.75. This represents a 1.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 112,251 shares of company stock valued at $3,934,286 over the last three months. 37.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Roth Mkm cut their target price on Cadre from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, November 7th.

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.