Roth Capital Weighs in on Cadre Holdings, Inc.’s Q2 2024 Earnings (NYSE:CDRE)

Cadre Holdings, Inc. (NYSE:CDREFree Report) – Research analysts at Roth Capital dropped their Q2 2024 earnings estimates for Cadre in a research report issued on Wednesday, May 8th. Roth Capital analyst M. Koranda now expects that the company will post earnings per share of $0.25 for the quarter, down from their previous estimate of $0.30. The consensus estimate for Cadre’s current full-year earnings is $1.18 per share. Roth Capital also issued estimates for Cadre’s Q3 2024 earnings at $0.32 EPS, Q4 2024 earnings at $0.28 EPS, FY2024 earnings at $1.03 EPS, Q1 2025 earnings at $0.33 EPS, Q2 2025 earnings at $0.32 EPS and Q4 2025 earnings at $0.33 EPS.

Cadre (NYSE:CDREGet Free Report) last announced its earnings results on Tuesday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.07). Cadre had a return on equity of 21.85% and a net margin of 8.01%. The firm had revenue of $137.86 million for the quarter, compared to analyst estimates of $127.99 million. During the same quarter last year, the business earned $0.19 EPS. The company’s revenue for the quarter was up 23.4% compared to the same quarter last year.

Several other research firms have also issued reports on CDRE. Raymond James lowered Cadre from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. B. Riley restated a “buy” rating and set a $48.00 target price (up previously from $40.00) on shares of Cadre in a research note on Wednesday, March 6th. Stifel Nicolaus upped their price objective on shares of Cadre from $33.00 to $34.00 and gave the stock a “hold” rating in a research report on Wednesday, March 6th. Roth Mkm restated 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. Finally, Stephens boosted their price objective on shares of Cadre from $36.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. 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.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.25.

View Our Latest Analysis on CDRE

Cadre Trading Up 1.3 %

Shares of CDRE opened at $31.33 on Friday. Cadre has a 12-month low of $19.13 and a 12-month high of $39.81. The stock’s fifty day simple moving average is $34.84 and its 200-day simple moving average is $33.38. The company has a quick ratio of 1.73, a current ratio of 2.58 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $1.27 billion, a PE ratio of 30.72, a price-to-earnings-growth ratio of 1.82 and a beta of 1.35.

Institutional Trading of Cadre

Large investors have recently modified their holdings of the business. FMR LLC raised its holdings in Cadre by 12.4% in the third quarter. FMR LLC now owns 5,637,904 shares of the company’s stock worth $150,250,000 after buying an additional 621,116 shares during the last quarter. Vanguard Group Inc. increased its stake in Cadre by 21.2% in the 1st quarter. Vanguard Group Inc. now owns 1,180,212 shares of the company’s stock worth $42,724,000 after buying an additional 206,564 shares in the last quarter. R.P. Boggs & Co. raised its stake in Cadre by 3.6% during the 3rd quarter. R.P. Boggs & Co. now owns 281,027 shares of the company’s stock valued at $7,489,000 after purchasing an additional 9,839 shares during the period. Bank of New York Mellon Corp raised its position in shares of Cadre by 3.1% during the third quarter. Bank of New York Mellon Corp now owns 149,950 shares of the company’s stock valued at $3,996,000 after buying an additional 4,522 shares during the last quarter. Finally, Lisanti Capital Growth LLC increased its holdings in Cadre by 127.5% in the 1st quarter. Lisanti Capital Growth LLC now owns 145,915 shares of the company’s stock valued at $5,282,000 after acquiring an additional 81,780 shares during the last quarter. 43.95% of the stock is owned by institutional investors.

Insider Activity

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

Cadre Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be given a dividend of $0.0875 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.35 dividend on an annualized basis and a yield of 1.12%. Cadre’s dividend payout ratio is presently 34.31%.

Cadre Company Profile

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for Cadre (NYSE:CDRE)

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