Cadre (CDRE) to Release Earnings on Tuesday

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

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

Cadre Price Performance

NYSE:CDRE opened at $34.19 on Friday. The company has a quick ratio of 1.73, a current ratio of 2.58 and a debt-to-equity ratio of 0.65. The business’s 50-day moving average price is $35.22 and its 200 day moving average price is $33.23. Cadre has a 52-week low of $19.13 and a 52-week high of $39.81. The firm has a market cap of $1.39 billion, a P/E ratio of 33.52, a PEG ratio of 1.78 and a beta of 1.35.

Cadre Dividend Announcement

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

Wall Street Analyst Weigh In

CDRE has been the subject of several recent research reports. B. Riley reissued a “buy” rating and set a $48.00 target price (up from $40.00) on shares of Cadre in a research note on Wednesday, March 6th. Stephens raised their price objective on Cadre from $36.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Stifel Nicolaus boosted their target price on Cadre from $33.00 to $34.00 and gave the stock a “hold” rating in a research report on Wednesday, March 6th. Raymond James lowered Cadre from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Finally, Roth Mkm restated a “buy” rating and set a $43.00 price objective (up previously from $38.00) on shares of Cadre in a report on Wednesday, March 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $41.25.

Insider Activity

In related news, CEO Warren B. Kanders sold 1,438,127 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $35.00, for a total value of $50,334,445.00. Following the completion of the sale, the chief executive officer now directly owns 12,184,918 shares of the company’s stock, valued at approximately $426,472,130. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 49.20% of the stock is currently owned by corporate insiders.

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.