Cadeler A/S (NYSE:CDLR) Shares Gap Up After Better-Than-Expected Earnings

Cadeler A/S Sponsored ADR (NYSE:CDLR) shares gapped up before the market opened on Tuesday following a better than expected earnings announcement. The stock had previously closed at $23.97, but opened at $26.00. Cadeler A/S shares last traded at $25.7310, with a volume of 45,836 shares.

The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.21. The business had revenue of $322.76 million during the quarter, compared to the consensus estimate of $280.45 million. Cadeler A/S had a net margin of 27.45% and a return on equity of 13.06%.

Analysts Set New Price Targets

A number of research analysts have issued reports on CDLR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadeler A/S in a report on Tuesday, August 18th. Wall Street Zen cut Cadeler A/S from a “hold” rating to a “sell” rating in a research report on Sunday, July 5th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Institutional Trading of Cadeler A/S

Several institutional investors have recently modified their holdings of the stock. Invesco Ltd. acquired a new position in Cadeler A/S in the 2nd quarter valued at $4,555,000. Jump Financial LLC purchased a new stake in shares of Cadeler A/S during the fourth quarter worth $984,000. Marshall Wace LLP raised its position in shares of Cadeler A/S by 30.7% in the second quarter. Marshall Wace LLP now owns 85,440 shares of the company’s stock valued at $1,698,000 after buying an additional 20,079 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of Cadeler A/S in the second quarter valued at about $375,000. Finally, ABC Arbitrage SA purchased a new position in shares of Cadeler A/S in the fourth quarter worth about $272,000. Institutional investors and hedge funds own 53.03% of the company’s stock.

Cadeler A/S Stock Down 3.0%

The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 10.06 and a beta of 0.66. The business’s 50-day moving average is $22.79 and its two-hundred day moving average is $24.48. The company has a quick ratio of 1.29, a current ratio of 1.31 and a debt-to-equity ratio of 0.87.

About Cadeler A/S

Cadeler A/S is a Denmark-based specialist in offshore wind turbine installation and related services. The company operates a fleet of dynamically positioned (DP3) self-propelled jack-up vessels designed for the transportation, installation and commissioning of foundation structures, turbine towers, nacelles and blades. Cadeler’s capabilities encompass project planning, logistics coordination and offshore operations, enabling wind farm developers to deploy large-scale turbines in challenging marine environments.

The company’s two flagship vessels, Wind Orca and Wind Osprey, are equipped to work in water depths of up to 70 meters and to handle the installation of next-generation turbines.