Research Analysts Set Expectations for Cadre FY2025 Earnings

Cadre Holdings, Inc. (NYSE:CDRE) – Research analysts at B. Riley upped their FY2025 EPS estimates for shares of Cadre in a report released on Thursday, November 6th. B. Riley analyst J. Van. Sinderen now expects that the company will post earnings per share of $1.10 for the year, up from their prior forecast of $1.02. B. Riley currently has a “Buy” rating on the stock. The consensus estimate for Cadre’s current full-year earnings is $1.05 per share. B. Riley also issued estimates for Cadre’s Q4 2025 earnings at $0.31 EPS, FY2026 earnings at $1.20 EPS and FY2028 earnings at $1.92 EPS.

Cadre (NYSE:CDRE) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. The company had revenue of $155.87 million during the quarter, compared to the consensus estimate of $158.96 million. Cadre had a net margin of 7.33% and a return on equity of 13.94%. During the same quarter in the prior year, the firm posted $0.09 earnings per share. Cadre’s revenue for the quarter was up 42.5% on a year-over-year basis. Cadre has set its FY 2025 guidance at EPS.

Other research analysts have also issued research reports about the company. Bank of America lowered Cadre from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $38.00 to $26.00 in a research report on Wednesday, August 13th. Lake Street Capital raised their target price on shares of Cadre from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Roth Capital reaffirmed a “buy” rating and issued a $44.00 target price on shares of Cadre in a report on Friday, October 10th. Wall Street Zen upgraded shares of Cadre from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cadre in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Cadre presently has an average rating of “Hold” and a consensus target price of $37.67.

Cadre Stock Down 1.4%

Cadre stock opened at $42.82 on Friday. The company has a market capitalization of $1.74 billion, a P/E ratio of 38.23, a PEG ratio of 1.55 and a beta of 1.36. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.56 and a current ratio of 3.64. Cadre has a fifty-two week low of $27.07 and a fifty-two week high of $46.64. The stock has a 50-day simple moving average of $37.56 and a 200-day simple moving average of $34.19.

Cadre Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, October 31st. Cadre’s dividend payout ratio (DPR) is 33.93%.

Hedge Funds Weigh In On Cadre

A number of large investors have recently bought and sold shares of CDRE. Reinhart Partners LLC. acquired a new stake in shares of Cadre in the 3rd quarter worth $70,205,000. Ophir Asset Management Pty Ltd acquired a new position in shares of Cadre during the second quarter worth about $21,872,000. Select Equity Group L.P. raised its holdings in Cadre by 726.6% during the first quarter. Select Equity Group L.P. now owns 447,337 shares of the company’s stock worth $13,246,000 after purchasing an additional 393,218 shares in the last quarter. Vanguard Group Inc. lifted its position in Cadre by 15.2% in the third quarter. Vanguard Group Inc. now owns 1,697,642 shares of the company’s stock valued at $61,981,000 after purchasing an additional 224,218 shares during the period. Finally, Greenhouse Funds LLLP boosted its holdings in Cadre by 8.4% in the 2nd quarter. Greenhouse Funds LLLP now owns 2,743,265 shares of the company’s stock valued at $87,373,000 after purchasing an additional 213,298 shares in the last quarter. Hedge funds and other institutional investors own 43.95% 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.