What is Roth Capital's Estimate for Cadre FY2024 Earnings?

Cadre Holdings, Inc. (NYSE:CDRE - Free Report) - Stock analysts at Roth Capital raised their FY2024 earnings per share (EPS) estimates for shares of Cadre in a note issued to investors on Thursday, November 7th. Roth Capital analyst M. Koranda now forecasts that the company will post earnings per share of $1.06 for the year, up from their prior forecast of $1.01. The consensus estimate for Cadre's current full-year earnings is $1.05 per share. Roth Capital also issued estimates for Cadre's Q3 2025 earnings at $0.24 EPS and Q4 2025 earnings at $0.38 EPS.

Cadre (NYSE:CDRE - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.03. The business had revenue of $109.41 million for the quarter, compared to analysts' expectations of $126.27 million. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The business's quarterly revenue was down 12.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 EPS.

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

Cadre Stock Performance

Shares of Cadre stock traded up $0.42 on Monday, reaching $35.35. 61,022 shares of the company were exchanged, compared to its average volume of 228,662. Cadre has a 1-year low of $29.18 and a 1-year high of $40.28. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.14 and a current ratio of 3.01. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 42.84, a P/E/G ratio of 2.09 and a beta of 1.30. The company's 50-day moving average is $36.90 and its two-hundred day moving average is $34.95.

Institutional Investors Weigh In On Cadre

Large investors have recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Cadre by 454.3% during the second 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 in the last quarter. Canada Pension Plan Investment Board bought a new position in Cadre during the second quarter valued at about $141,000. Truist Financial Corp bought a new position in Cadre during the second quarter valued at about $209,000. Oppenheimer Asset Management Inc. bought a new position in Cadre during the second quarter valued at about $216,000. Finally, Intech Investment Management LLC bought a new position in Cadre during the third quarter valued at about $220,000. 43.95% of the stock is owned by institutional investors.

Cadre Announces Dividend

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 paid a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, November 1st. Cadre's dividend payout ratio is presently 42.17%.

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.