Cadre (NYSE:CDRE) Posts Earnings Results, Beats Estimates By $0.02 EPS

Cadre (NYSE:CDRE) released its quarterly earnings results on Wednesday. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02, Briefing.com reports. The business had revenue of $109.41 million for the quarter, compared to analysts’ expectations of $126.27 million. Cadre had a net margin of 7.55% and a return on equity of 17.45%. The firm’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 earnings per share. Cadre updated its FY 2024 guidance to EPS.

Cadre Price Performance

CDRE traded down $3.15 during trading on Thursday, reaching $34.00. 502,514 shares of the company were exchanged, compared to its average volume of 229,410. The company has a quick ratio of 2.14, a current ratio of 3.17 and a debt-to-equity ratio of 0.66. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 32.88, a P/E/G ratio of 2.08 and a beta of 1.30. Cadre has a 12-month low of $28.14 and a 12-month high of $40.28. The company’s 50-day moving average is $36.97 and its two-hundred day moving average is $34.92.

Cadre Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.0875 per share. The ex-dividend date is Friday, November 1st. This represents a $0.35 dividend on an annualized basis and a yield of 1.03%. Cadre’s payout ratio is 33.98%.

Wall Street Analyst Weigh In

Separately, Roth Mkm dropped their price target on Cadre from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday. Two research 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 an average rating of “Moderate Buy” and an average price target 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.