Cadre (NYSE:CDRE) Announces Earnings Results

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

Cadre Trading Down 9.8 %

Shares of Cadre stock traded down $3.36 during trading on Wednesday, hitting $30.99. The stock had a trading volume of 458,138 shares, compared to its average volume of 249,148. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.58 and a quick ratio of 1.73. Cadre has a 12 month low of $19.13 and a 12 month high of $39.81. The stock has a market cap of $1.26 billion, a PE ratio of 30.05, a PEG ratio of 1.80 and a beta of 1.35. The firm’s fifty day simple moving average is $35.14 and its 200-day simple moving average is $33.40.

Cadre Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be paid a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, May 2nd. Cadre’s payout ratio is 34.31%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Stephens upped their price target on Cadre from $36.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Raymond James cut shares of Cadre from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. B. Riley reiterated a “buy” rating and issued a $48.00 price target (up previously from $40.00) on shares of Cadre in a research note on Wednesday, March 6th. Stifel Nicolaus increased their price target on Cadre from $33.00 to $34.00 and gave the company a “hold” rating in a research note on Wednesday, March 6th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $43.00 price objective (up from $38.00) on shares of Cadre in a report on Wednesday, March 6th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.25.

Insider Buying and Selling at Cadre

In other Cadre news, CEO Warren B. Kanders sold 1,438,127 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $35.00, for a total value of $50,334,445.00. Following the completion of the sale, the chief executive officer now directly owns 12,184,918 shares in the company, valued at $426,472,130. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 49.20% of the company’s stock.

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.