Cadre (CDRE) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cadre in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CDRE shares.
View CDRE analyst ratings or view top-rated stocks.

6 Wall Street analysts have issued 1 year price objectives for Cadre's shares. Their CDRE share price forecasts range from $25.00 to $38.00. On average, they expect the company's stock price to reach $30.43 in the next year. This suggests a possible upside of 14.2% from the stock's current price.
View analysts price targets for CDRE or view top-rated stocks among Wall Street analysts.

Cadre's stock was trading at $20.14 on January 1st, 2023. Since then, CDRE stock has increased by 32.3% and is now trading at $26.65.
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Cadre saw a increase in short interest in September. As of September 15th, there was short interest totaling 761,300 shares, an increase of 18.3% from the August 31st total of 643,700 shares. Based on an average daily trading volume, of 86,600 shares, the short-interest ratio is currently 8.8 days. Approximately 4.2% of the company's shares are sold short.
View Cadre's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
View our CDRE earnings forecast.

Cadre Holdings, Inc. (NYSE:CDRE) announced its quarterly earnings results on Tuesday, August, 8th. The company reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.12. The business earned $121.09 million during the quarter, compared to the consensus estimate of $113.92 million. Cadre had a trailing twelve-month return on equity of 18.59% and a net margin of 6.31%. Cadre's revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 earnings per share.

Cadre declared a quarterly dividend on Tuesday, July 25th. Shareholders of record on Friday, August 4th will be paid a dividend of $0.08 per share on Friday, August 18th. This represents a $0.32 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, August 3rd.
Read our dividend analysis for CDRE.

Gabelli Commercial Aerospace & Defense ETF holds 2,527 shares of CDRE stock, representing 1.66% of its portfolio.

Cadre (NYSE:CDRE) pays an annual dividend of $0.32 per share and currently has a dividend yield of 1.21%. The dividend payout ratio is 41.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CDRE will have a dividend payout ratio of 29.09% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CDRE.

Cadre updated its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $472.00 million-$484.00 million, compared to the consensus revenue estimate of $475.50 million.

(CDRE) raised $78 million in an initial public offering on Thursday, November 4th 2021. The company issued 6,000,000 shares at $12.00-$14.00 per share.

Cadre trades on the New York Stock Exchange (NYSE) under the ticker symbol "CDRE."

Shares of CDRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CDRE stock can currently be purchased for approximately $26.65.

Cadre (NYSE:CDRE) has a market capitalization of $998.58 million and generates $457.84 million in revenue each year. The company earns $5.82 million in net income (profit) each year or $0.78 on an earnings per share basis.

The company employs 2,274 workers across the globe.

The official website for the company is www.cadre-holdings.com. The company can be reached via phone at 904-741-5400 or via email at ir@cadre-holdings.com.