Cadre (NYSE:CDRE) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Key Points

• Cadre reported quarterly earnings of $0.30 EPS, beating expectations by $0.05, and their revenue increased by 8.9% year-over-year.
• The company announced a quarterly dividend of $0.095 per share, with a dividend yield of 1.1% and a payout ratio of 40%.
• Analysts have mixed views on Cadre, with Wall Street Zen upgrading the stock to "buy," while Bank of America downgraded it to "neutral" and lowered its price target from $45.00 to $38.00.

Cadre (NYSE:CDRE - Get Free Report) announced its earnings results on Tuesday. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.25 by $0.05, Zacks reports. Cadre had a return on equity of 12.52% and a net margin of 6.87%. The company's revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 EPS. Cadre updated its FY 2025 guidance to EPS.

Cadre Stock Performance

Shares of CDRE traded up $1.67 during mid-day trading on Tuesday, hitting $34.74. The stock had a trading volume of 400,445 shares, compared to its average volume of 229,584. The company has a market cap of $1.41 billion, a PE ratio of 36.57, a PEG ratio of 1.22 and a beta of 1.31. The company's fifty day simple moving average is $33.16 and its two-hundred day simple moving average is $33.22. The company has a quick ratio of 2.57, a current ratio of 3.55 and a debt-to-equity ratio of 0.66. Cadre has a fifty-two week low of $27.07 and a fifty-two week high of $40.28.

Cadre Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a $0.095 dividend. The ex-dividend date is Friday, August 1st. This represents a $0.38 annualized dividend and a dividend yield of 1.1%. Cadre's dividend payout ratio (DPR) is presently 40.00%.

Analysts Set New Price Targets

Several equities research analysts recently commented on CDRE shares. Wall Street Zen upgraded Cadre from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Bank of America downgraded Cadre from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $45.00 to $38.00 in a report on Friday, June 13th.

Insider Activity at Cadre

In other news, CEO Warren B. Kanders sold 100,000 shares of Cadre stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $34.86, for a total value of $3,486,000.00. Following the completion of the transaction, the chief executive officer owned 10,716,192 shares in the company, valued at approximately $373,566,453.12. This trade represents a 0.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 275,000 shares of company stock valued at $9,309,000. 37.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its position in Cadre by 24,275.0% during the 1st quarter. Jones Financial Companies Lllp now owns 4,875 shares of the company's stock worth $144,000 after acquiring an additional 4,855 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Cadre during the 1st quarter worth $230,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Cadre by 4.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,451 shares of the company's stock worth $458,000 after acquiring an additional 628 shares during the period. Jane Street Group LLC boosted its position in Cadre by 98.5% during the 1st quarter. Jane Street Group LLC now owns 48,052 shares of the company's stock worth $1,423,000 after acquiring an additional 23,844 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Cadre by 9.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 372,211 shares of the company's stock worth $11,021,000 after acquiring an additional 31,123 shares during the period. Institutional investors and hedge funds own 43.95% of the company's stock.

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.

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