Cadre (NYSE:CDRE) Announces Quarterly Earnings Results

Cadre (NYSE:CDRE - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.07), Briefing.com reports. The firm had revenue of $137.86 million for the quarter, compared to analysts' expectations of $127.99 million. Cadre had a return on equity of 21.85% and a net margin of 8.01%. The business's quarterly revenue was up 23.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.19 earnings per share.

Cadre Stock Down 11.7 %

Shares of Cadre stock traded down $4.01 during trading hours on Wednesday, hitting $30.34. 958,901 shares of the company's stock traded hands, compared to its average volume of 255,127. Cadre has a twelve month low of $19.13 and a twelve month high of $39.81. The company has a market cap of $1.23 billion, a PE ratio of 31.02, a PEG ratio of 1.80 and a beta of 1.35. 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 stock has a 50 day simple moving average of $35.14 and a 200-day simple moving average of $33.40.

Cadre Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be issued a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Thursday, May 2nd. Cadre's payout ratio is 34.31%.

Analyst Ratings Changes

Several research analysts have weighed in on CDRE shares. B. Riley reiterated a "buy" rating and issued a $48.00 price target (up from $40.00) on shares of Cadre in a report on Wednesday, March 6th. Raymond James downgraded Cadre from an "outperform" rating to a "market perform" rating in a research report on Monday, January 22nd. Roth Mkm restated a "buy" rating and issued a $43.00 price target (up previously from $38.00) on shares of Cadre in a report on Wednesday, March 6th. Stifel Nicolaus upped their price objective on shares of Cadre from $33.00 to $34.00 and gave the company a "hold" rating in a research note on Wednesday, March 6th. Finally, Stephens raised their target price on shares of Cadre from $36.00 to $40.00 and gave the stock an "overweight" rating in a research report on Friday, February 16th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Cadre has an average rating of "Moderate Buy" and a consensus target price of $41.25.

Insider Buying and Selling

In other Cadre news, CEO Warren B. Kanders sold 1,438,127 shares of the company's stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $35.00, for a total value of $50,334,445.00. Following the transaction, the chief executive officer now directly owns 12,184,918 shares of the company's stock, valued at approximately $426,472,130. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 49.20% 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.