Cadre (NYSE:CDRE) Releases Quarterly Earnings Results, Misses Expectations By $0.07 EPS

Cadre (NYSE:CDRE) released its quarterly earnings results on Tuesday. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.07), Briefing.com reports. Cadre had a net margin of 8.01% and a return on equity of 21.85%. The company had revenue of $137.86 million for the quarter, compared to the consensus estimate of $127.99 million. During the same period last year, the company earned $0.19 earnings per share. Cadre’s revenue for the quarter was up 23.4% compared to the same quarter last year.

Cadre Stock Performance

Shares of CDRE stock traded down $2.73 during midday trading on Wednesday, hitting $31.62. 540,058 shares of the company were exchanged, compared to its average volume of 250,174. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.73 and a current ratio of 2.58. The firm has a market capitalization of $1.28 billion, a P/E ratio of 30.05, a PEG ratio of 1.80 and a beta of 1.35. Cadre has a 52 week low of $19.13 and a 52 week high of $39.81. The firm’s 50 day moving average price is $35.14 and its two-hundred day moving average price is $33.40.

Cadre Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be issued a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Thursday, May 2nd. Cadre’s payout ratio is 34.31%.

Analysts Set New Price Targets

Several research firms have recently commented on CDRE. 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 restated a “buy” rating and set a $48.00 price objective (up from $40.00) on shares of Cadre in a report on Wednesday, March 6th. Stifel Nicolaus raised their price objective on shares of Cadre from $33.00 to $34.00 and gave the stock a “hold” rating in a report on Wednesday, March 6th. Stephens raised their target price on shares of Cadre from $36.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $43.00 target price (up previously from $38.00) on shares of Cadre in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $41.25.

Insider Buying and Selling at Cadre

In other news, CEO Warren B. Kanders sold 1,438,127 shares of Cadre 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 49.20% of the company’s stock.

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.