Roth Capital Issues Optimistic Outlook for Cadre Earnings

Cadre Holdings, Inc. (NYSE:CDRE - Free Report) - Investment analysts at Roth Capital boosted their Q4 2024 earnings estimates for Cadre in a research note issued on Thursday, November 7th. Roth Capital analyst M. Koranda now forecasts that the company will post earnings per share of $0.48 for the quarter, up from their prior estimate of $0.46. The consensus estimate for Cadre's current full-year earnings is $1.04 per share. Roth Capital also issued estimates for Cadre's Q1 2025 earnings at $0.28 EPS, Q2 2025 earnings at $0.41 EPS, FY2025 earnings at $1.32 EPS and FY2026 earnings at $1.49 EPS.

Separately, Roth Mkm dropped their target price on shares of Cadre from $39.00 to $37.00 and set a "buy" rating for the company in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Cadre has an average rating of "Moderate Buy" and a consensus target price of $39.75.

Cadre Price Performance

Shares of NYSE:CDRE traded up $0.93 during midday trading on Friday, hitting $34.93. 234,621 shares of the stock were exchanged, compared to its average volume of 229,434. Cadre has a twelve month low of $28.46 and a twelve month high of $40.28. The company has a current ratio of 3.17, a quick ratio of 2.14 and a debt-to-equity ratio of 0.66. The company has a 50 day moving average price of $36.92 and a 200-day moving average price of $34.92. The stock has a market cap of $1.42 billion, a P/E ratio of 33.00, a PEG ratio of 2.08 and a beta of 1.30.

Cadre (NYSE:CDRE - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. The firm had revenue of $109.41 million during the quarter, compared to analysts' expectations of $126.27 million. Cadre had a return on equity of 17.45% and a net margin of 7.55%. Cadre's revenue was down 12.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.29 earnings per share.

Institutional Trading of Cadre

Large investors have recently made changes to their positions in the stock. Harel Insurance Investments & Financial Services Ltd. grew its stake in Cadre by 454.3% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,624 shares of the company's stock worth $55,000 after acquiring an additional 1,331 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Cadre during the second quarter worth $141,000. Truist Financial Corp purchased a new stake in shares of Cadre in the second quarter valued at $209,000. Oppenheimer Asset Management Inc. acquired a new position in Cadre in the second quarter valued at $216,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Cadre during the first quarter worth about $225,000. Institutional investors and hedge funds own 43.95% of the company's stock.

Cadre Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a $0.0875 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.35 annualized dividend and a dividend yield of 1.00%. Cadre's dividend payout ratio is currently 33.98%.

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.