Cadre (NYSE:CDRE) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Cadre (NYSE:CDRE) issued its earnings results on Wednesday. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03, Briefing.com reports. Cadre had a return on equity of 13.44% and a net margin of 6.34%. The business had revenue of $109.41 million during the quarter, compared to analyst estimates of $126.27 million. During the same period in the previous year, the company posted $0.29 EPS. Cadre’s revenue was down 12.6% on a year-over-year basis. Cadre updated its FY 2024 guidance to EPS.

Cadre Stock Up 2.7 %

Shares of CDRE stock opened at $34.93 on Friday. Cadre has a fifty-two week low of $28.46 and a fifty-two week high of $40.28. The firm has a market capitalization of $1.42 billion, a PE ratio of 42.08, a P/E/G ratio of 2.21 and a beta of 1.30. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.14 and a current ratio of 3.17. The stock’s 50-day simple moving average is $36.90 and its 200-day simple moving average is $34.94.

Cadre Announces Dividend

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 paid 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 1.00%. Cadre’s dividend payout ratio (DPR) is 42.17%.

Analyst Ratings Changes

Separately, Roth Mkm dropped their price objective 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.