Weiss Ratings Reiterates Hold (C) Rating for Cadre (NYSE:CDRE)

Key Points

• Weiss Ratings has reaffirmed a "hold" rating for Cadre (NYSE:CDRE), amidst mixed analyst opinions on the stock.
• The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.25, with revenues increasing by 8.9% year-over-year to $157.11 million.
• Cadre's stock recently saw a trading uptick of 2.5%, reaching a price of $38.58, with a market cap of $1.57 billion.

Cadre (NYSE:CDRE - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

CDRE has been the topic of several other reports. Wall Street Zen upgraded Cadre from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Bank of America lowered Cadre from a "neutral" rating to an "underperform" rating and dropped their price objective for the company from $38.00 to $26.00 in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $31.50.

Cadre Trading Up 2.5%

NYSE CDRE traded up $0.95 during trading hours on Wednesday, reaching $38.58. The company's stock had a trading volume of 271,142 shares, compared to its average volume of 293,178. 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 52 week low of $27.07 and a 52 week high of $40.28. The firm has a fifty day simple moving average of $32.49 and a 200-day simple moving average of $32.32. The stock has a market cap of $1.57 billion, a P/E ratio of 41.04, a P/E/G ratio of 1.38 and a beta of 1.34.

Cadre (NYSE:CDRE - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.25 by $0.05. Cadre had a return on equity of 12.08% and a net margin of 6.65%.The company had revenue of $157.11 million during the quarter, compared to the consensus estimate of $153.23 million. During the same period last year, the business posted $0.31 EPS. The firm's revenue for the quarter was up 8.9% compared to the same quarter last year. Cadre has set its FY 2025 guidance at EPS. Equities analysts forecast that Cadre will post 1.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cadre

Large investors have recently bought and sold shares of the business. Huntington National Bank increased its holdings in shares of Cadre by 48.4% in the 2nd quarter. Huntington National Bank now owns 960 shares of the company's stock valued at $31,000 after acquiring an additional 313 shares during the period. Assetmark Inc. grew its holdings in Cadre by 43.1% during the second quarter. Assetmark Inc. now owns 1,395 shares of the company's stock worth $44,000 after acquiring an additional 420 shares during the period. Militia Capital Partners LP acquired a new stake in Cadre during the first quarter worth about $49,000. State of Wyoming purchased a new position in Cadre during the first quarter worth approximately $69,000. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of Cadre by 14.0% in the second quarter. Ameritas Investment Partners Inc. now owns 2,908 shares of the company's stock worth $93,000 after acquiring an additional 357 shares during the last quarter. Hedge funds and other institutional investors 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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