B. Riley Research Analysts Lift Earnings Estimates for Cadre

Cadre Holdings, Inc. (NYSE:CDRE) – Research analysts at B. Riley raised their FY2024 EPS estimates for Cadre in a research note issued on Thursday, November 7th. B. Riley analyst J. Van. Sinderen now anticipates that the company will post earnings per share of $0.94 for the year, up from their previous estimate of $0.92. The consensus estimate for Cadre’s current full-year earnings is $1.04 per share. B. Riley also issued estimates for Cadre’s Q4 2024 earnings at $0.36 EPS, FY2025 earnings at $1.24 EPS and FY2026 earnings at $1.55 EPS.

Cadre (NYSE:CDRE) last announced its earnings results on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. Cadre had a return on equity of 13.44% and a net margin of 6.34%. The firm had revenue of $109.41 million for the quarter, compared to analysts’ expectations of $126.27 million. During the same quarter in the previous year, the company earned $0.29 earnings per share. The firm’s quarterly revenue was down 12.6% compared to the same quarter last year.

Separately, Roth Mkm decreased their target price on shares of Cadre from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Cadre presently has an average rating of “Moderate Buy” and a consensus target price of $39.75.

Cadre Stock Performance

Cadre stock opened at $34.93 on Friday. The firm’s 50 day simple moving average is $36.90 and its 200-day simple moving average is $34.94. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.17 and a quick ratio of 2.14. Cadre has a fifty-two week low of $28.46 and a fifty-two week high of $40.28. The company has a market cap of $1.42 billion, a P/E ratio of 42.08, a price-to-earnings-growth ratio of 2.21 and a beta of 1.30.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Zimmer Partners LP bought a new stake in Cadre in the first quarter valued at about $11,990,000. Vanguard Group Inc. increased its stake in shares of Cadre by 21.2% during the 1st quarter. Vanguard Group Inc. now owns 1,180,212 shares of the company’s stock worth $42,724,000 after purchasing an additional 206,564 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Cadre by 32.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 460,500 shares of the company’s stock valued at $16,671,000 after buying an additional 113,722 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Cadre by 30.2% in the second quarter. Dimensional Fund Advisors LP now owns 411,056 shares of the company’s stock valued at $13,794,000 after purchasing an additional 95,233 shares during the last quarter. Finally, Old West Investment Management LLC raised its holdings in Cadre by 59.9% in the 2nd quarter. Old West Investment Management LLC now owns 220,211 shares of the company’s stock valued at $7,390,000 after acquiring an additional 82,501 shares during the period. Institutional investors and hedge funds own 43.95% of the company’s stock.

Cadre Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Friday, November 1st. Cadre’s payout ratio is 42.17%.

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.