Cadre Holdings, Inc. Expected to Earn Q2 2024 Earnings of $0.23 Per Share (NYSE:CDRE)

Cadre Holdings, Inc. (NYSE:CDRE) – B. Riley cut their Q2 2024 earnings per share (EPS) estimates for shares of Cadre in a report issued on Friday, April 12th. B. Riley analyst J. Van. Sinderen now forecasts that the company will post earnings of $0.23 per share for the quarter, down from their prior estimate of $0.30. B. Riley currently has a “Buy” rating and a $48.00 price objective on the stock. The consensus estimate for Cadre’s current full-year earnings is $1.18 per share. B. Riley also issued estimates for Cadre’s Q3 2024 earnings at $0.27 EPS.

A number of other research analysts also recently weighed in on CDRE. Raymond James downgraded Cadre from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. Roth Mkm reaffirmed a “buy” rating and set a $43.00 price target (up from $38.00) on shares of Cadre in a research report on Wednesday, March 6th. Stephens increased their price target on Cadre from $36.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Finally, Stifel Nicolaus increased their price objective on Cadre from $33.00 to $34.00 and gave the company a “hold” rating in a report on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $41.25.

Cadre Stock Up 0.1 %

Shares of Cadre stock opened at $33.59 on Monday. Cadre has a one year low of $19.13 and a one year high of $39.81. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.58 and a quick ratio of 1.73. The stock’s 50-day moving average is $35.70 and its 200 day moving average is $32.75. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 32.93, a PEG ratio of 1.77 and a beta of 1.33.

Cadre (NYSE:CDRE) last announced its earnings results on Tuesday, March 5th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.18 by $0.11. Cadre had a return on equity of 21.85% and a net margin of 8.01%. The company had revenue of $124.58 million for the quarter, compared to analyst estimates of $122.30 million.

Institutional Investors Weigh In On Cadre

A number of large investors have recently added to or reduced their stakes in the company. Point72 Middle East FZE purchased a new position in shares of Cadre in the fourth quarter worth about $37,000. Covestor Ltd grew its stake in shares of Cadre by 49,625.0% in the third quarter. Covestor Ltd now owns 1,989 shares of the company’s stock worth $53,000 after purchasing an additional 1,985 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Cadre by 75.8% in the third quarter. Tower Research Capital LLC TRC now owns 2,322 shares of the company’s stock worth $56,000 after purchasing an additional 1,001 shares during the last quarter. Federated Hermes Inc. bought a new stake in Cadre during the 1st quarter valued at approximately $60,000. Finally, Psagot Value Holdings Ltd. Israel boosted its position in Cadre by 635.3% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 2,169 shares of the company’s stock valued at $72,000 after acquiring an additional 1,874 shares in the last quarter. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Insider Activity at Cadre

In related news, CEO Warren B. Kanders sold 1,438,127 shares of Cadre stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $35.00, for a total transaction of $50,334,445.00. Following the completion of the sale, the chief executive officer now owns 12,184,918 shares of the company’s stock, valued at $426,472,130. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 49.20% of the stock is owned by corporate insiders.

Cadre Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 2nd were issued a $0.0875 dividend. This is a positive change from Cadre’s previous quarterly dividend of $0.08. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Thursday, February 1st. Cadre’s dividend payout ratio (DPR) is presently 34.31%.

About Cadre

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.