Roth Capital Issues Positive Estimate for Cadre Earnings

Cadre Holdings, Inc. (NYSE:CDRE) – Analysts at Roth Capital upped their Q4 2024 earnings estimates for Cadre in a report released on Thursday, November 7th. Roth Capital analyst M. Koranda now expects that the company will earn $0.48 per share for the quarter, up from their prior forecast 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 cut their price objective on shares of 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.75.

Cadre Price Performance

NYSE CDRE opened at $34.93 on Friday. The company has a 50 day simple moving average of $36.90 and a 200-day simple moving average of $34.93. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.17 and a quick ratio of 2.14. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 33.91, a price-to-earnings-growth ratio of 2.08 and a beta of 1.30. Cadre has a 52-week low of $28.46 and a 52-week high of $40.28.

Cadre (NYSE:CDRE) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $109.41 million during the quarter, compared to analyst estimates of $126.27 million. Cadre had a net margin of 7.55% and a return on equity of 17.45%. The firm’s revenue was down 12.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 earnings per share.

Hedge Funds Weigh In On Cadre

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. raised its position in Cadre by 454.3% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,624 shares of the company’s stock valued at $55,000 after acquiring an additional 1,331 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Cadre in the second quarter valued at approximately $141,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Cadre in the first quarter valued at approximately $225,000. Truist Financial Corp bought a new position in shares of Cadre in the second quarter valued at approximately $209,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Cadre in the second quarter valued at approximately $216,000. Institutional investors own 43.95% of the company’s stock.

Cadre Announces Dividend

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

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.