Cadre (NYSE:CDRE) Releases Quarterly Earnings Results

Cadre (NYSE:CDRE) announced its quarterly earnings results on Tuesday. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.07), Briefing.com reports. The company had revenue of $137.86 million during the quarter, compared to analyst estimates of $127.99 million. Cadre had a net margin of 8.01% and a return on equity of 21.85%. The firm’s quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter last year, the company posted $0.19 EPS.

Cadre Price Performance

NYSE CDRE traded down $0.31 during trading on Friday, hitting $30.62. 74,331 shares of the company’s stock were exchanged, compared to its average volume of 253,985. The company has a market cap of $1.24 billion, a PE ratio of 30.32, a P/E/G ratio of 1.80 and a beta of 1.35. The company has a current ratio of 2.58, a quick ratio of 1.73 and a debt-to-equity ratio of 0.65. The stock’s 50 day moving average price is $34.93 and its two-hundred day moving average price is $33.36. Cadre has a fifty-two week low of $19.13 and a fifty-two week high of $39.81.

Cadre Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be paid a $0.0875 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.35 annualized dividend and a dividend yield of 1.14%. Cadre’s payout ratio is 34.31%.

Insiders Place Their Bets

In other Cadre news, CEO Warren B. Kanders sold 1,438,127 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $35.00, for a total value of $50,334,445.00. Following the completion of the transaction, the chief executive officer now directly owns 12,184,918 shares in the company, valued at $426,472,130. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 49.20% of the company’s stock.

Wall Street Analyst Weigh In

CDRE has been the topic of a number of research reports. B. Riley reaffirmed a “buy” rating and issued a $48.00 price objective (up from $40.00) on shares of Cadre in a report on Wednesday, March 6th. Raymond James lowered shares of Cadre from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Stifel Nicolaus boosted their price objective on shares of Cadre from $33.00 to $34.00 and gave the company a “hold” rating in a report on Wednesday, March 6th. Roth Mkm reaffirmed a “buy” rating and set a $43.00 target price (up from $38.00) on shares of Cadre in a report on Wednesday, March 6th. Finally, Stephens boosted their price target on Cadre from $36.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Cadre has an average rating of “Moderate Buy” and an average target price of $41.25.

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.