Cadre (CDRE) Set to Announce Earnings on Tuesday

Cadre (NYSE:CDRE) is scheduled to be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect Cadre to post earnings of $0.25 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Cadre (NYSE:CDRE) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.11. Cadre had a net margin of 8.01% and a return on equity of 21.85%. The company had revenue of $124.58 million for the quarter, compared to analysts’ expectations of $122.30 million. On average, analysts expect Cadre to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Cadre Stock Up 1.0 %

Cadre stock opened at $34.19 on Monday. The firm has a 50 day simple moving average of $35.22 and a 200 day simple moving average of $33.31. The company has a current ratio of 2.58, a quick ratio of 1.73 and a debt-to-equity ratio of 0.65. Cadre has a 1-year low of $19.13 and a 1-year high of $39.81. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 33.52, a P/E/G ratio of 1.80 and a beta of 1.35.

Cadre Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be given a $0.0875 dividend. This represents a $0.35 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Thursday, May 2nd. Cadre’s dividend payout ratio (DPR) is presently 34.31%.

Insider Activity at Cadre

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

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Stephens raised their target price on Cadre from $36.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Roth Mkm reaffirmed a “buy” rating and set a $43.00 price objective (up previously from $38.00) on shares of Cadre in a research note on Wednesday, March 6th. Raymond James lowered shares of Cadre from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. B. Riley reissued 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. Finally, Stifel Nicolaus upped their price target on shares of Cadre from $33.00 to $34.00 and gave the stock a “hold” rating in a report on Wednesday, March 6th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.25.

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.