Cadeler A/S (NYSE:CDLR) Announces Quarterly Earnings Results, Beats Expectations By $1.51 EPS

Key Points

• Cadeler A/S reported quarterly earnings of $2.12 per share, significantly exceeding analysts' expectations of $0.61 by $1.51.
• The company's stock has a market capitalization of $1.92 billion and a P/E ratio of 26.70, with its shares trading between a low of $17.36 and a high of $28.75 over the past year.
• Institutional investors own 53.03% of Cadeler A/S, with notable increases in holdings from several hedge funds during the second quarter.

Cadeler A/S (NYSE:CDLR - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $1.51, Zacks reports. Cadeler A/S had a return on equity of 19.18% and a net margin of 50.69%.The company had revenue of $136.09 million during the quarter, compared to the consensus estimate of $128.33 million.

Cadeler A/S Stock Performance

CDLR traded down $0.27 during midday trading on Friday, reaching $20.97. The company's stock had a trading volume of 30,756 shares, compared to its average volume of 44,869. The stock has a market cap of $1.84 billion, a P/E ratio of 25.57 and a beta of 0.29. The company has a fifty day simple moving average of $20.87 and a 200 day simple moving average of $20.23. The company has a current ratio of 0.99, a quick ratio of 1.17 and a debt-to-equity ratio of 0.73. Cadeler A/S has a twelve month low of $17.36 and a twelve month high of $28.75.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Cadeler A/S from a "hold" rating to a "buy" rating in a research note on Saturday.

Institutional Trading of Cadeler A/S

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in Cadeler A/S by 10,418.8% in the 2nd quarter. Bank of America Corp DE now owns 3,366 shares of the company's stock valued at $67,000 after buying an additional 3,334 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Cadeler A/S in the 2nd quarter valued at approximately $34,000. Marshall Wace LLP grew its holdings in Cadeler A/S by 30.7% in the 2nd quarter. Marshall Wace LLP now owns 85,440 shares of the company's stock valued at $1,698,000 after buying an additional 20,079 shares during the last quarter. Invesco Ltd. acquired a new stake in Cadeler A/S in the 2nd quarter valued at approximately $4,555,000. Finally, Cetera Investment Advisers acquired a new stake in Cadeler A/S in the 2nd quarter valued at approximately $375,000. Institutional investors and hedge funds own 53.03% of the company's stock.

About Cadeler A/S

Cadeler A/S operates as an offshore wind farm transportation and installation contractor in Denmark. It also provides wind farm construction, maintenance, decommissioning, and other tasks within the offshore industry, as well as marine and engineering services. The company owns and operates four offshore jack-up windfarm installation vessels.