B. Riley Estimates Cadre's FY2027 Earnings (NYSE:CDRE)

Key Points

• B. Riley has lowered its FY2027 EPS estimate for Cadre Holdings, Inc. from $1.56 to $1.55, while the current consensus estimate stands at $1.05 per share.
• Cadre's stock ratings have varied, with Wall Street Zen upgrading it to a "buy" but Bank of America downgrading it to "underperform" with a price target reduction from $38.00 to $26.00.
• The company's recent earnings report showed a quarterly EPS of $0.30, surpassing analysts' expectations of $0.25 and reflecting an 8.9% year-over-year revenue increase.

Cadre Holdings, Inc. (NYSE:CDRE - Free Report) - Investment analysts at B. Riley reduced their FY2027 EPS estimates for Cadre in a research report issued to clients and investors on Thursday, October 9th. B. Riley analyst J. Van. Sinderen now anticipates that the company will post earnings per share of $1.55 for the year, down from their prior forecast of $1.56. The consensus estimate for Cadre's current full-year earnings is $1.05 per share.

Other research analysts have also recently issued reports about the stock. Wall Street Zen upgraded shares of Cadre from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Bank of America cut shares of Cadre from a "neutral" rating to an "underperform" rating and reduced their price target for the company from $38.00 to $26.00 in a research report on Wednesday, August 13th. Weiss Ratings reiterated a "hold (c)" rating on shares of Cadre in a research report on Wednesday. Finally, 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 report on Thursday. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $35.33.

Cadre Trading Down 0.3%

Shares of CDRE opened at $38.46 on Friday. The firm's 50 day simple moving average is $32.72 and its 200 day simple moving average is $32.41. The company has a market capitalization of $1.56 billion, a P/E ratio of 40.91, a P/E/G ratio of 1.42 and a beta of 1.34. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.59 and a quick ratio of 2.56. Cadre has a 1-year low of $27.07 and a 1-year high of $40.28.

Cadre (NYSE:CDRE - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.05. The business had revenue of $157.11 million for the quarter, compared to the consensus estimate of $153.23 million. Cadre had a net margin of 6.65% and a return on equity of 12.08%. Cadre's quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the firm posted $0.31 earnings per share. Cadre has set its FY 2025 guidance at EPS.

Cadre Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a $0.095 dividend. The ex-dividend date was Friday, August 1st. This represents a $0.38 annualized dividend and a yield of 1.0%. Cadre's payout ratio is 40.43%.

Institutional Trading of Cadre

Large investors have recently added to or reduced their stakes in the stock. Huntington National Bank boosted its holdings in Cadre by 48.4% in the second quarter. Huntington National Bank now owns 960 shares of the company's stock valued at $31,000 after acquiring an additional 313 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Cadre by 43.1% during the 2nd quarter. Assetmark Inc. now owns 1,395 shares of the company's stock valued at $44,000 after buying an additional 420 shares in the last quarter. Militia Capital Partners LP bought a new stake in shares of Cadre during the 1st quarter valued at $49,000. State of Wyoming bought a new position in shares of Cadre in the 1st quarter worth about $69,000. Finally, Ameritas Investment Partners Inc. lifted its position in Cadre by 14.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,908 shares of the company's stock valued at $93,000 after acquiring an additional 357 shares during the period. 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.

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