Cadre (CDRE) to Release Earnings on Tuesday

Cadre (NYSE:CDRE) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Cadre (NYSE:CDRE) last released its earnings results on Tuesday, March 5th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.18 by $0.11. The firm had revenue of $124.58 million for the quarter, compared to analyst estimates of $122.30 million. Cadre had a net margin of 8.01% and a return on equity of 21.85%. 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

Shares of NYSE:CDRE traded down $0.34 during midday trading on Tuesday, hitting $33.57. The stock had a trading volume of 30,084 shares, compared to its average volume of 249,093. 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 company has a market capitalization of $1.26 billion, a P/E ratio of 33.25, a price-to-earnings-growth ratio of 1.75 and a beta of 1.33. The company’s 50-day moving average price is $35.38 and its 200-day moving average price is $33.13. Cadre has a fifty-two week low of $19.13 and a fifty-two week high of $39.81.

Cadre Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be given a dividend of $0.0875 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.35 annualized dividend and a yield of 1.04%. Cadre’s dividend payout ratio is currently 34.31%.

Analysts Set New Price Targets

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

Insider Transactions at Cadre

In other news, CEO Warren B. Kanders sold 1,438,127 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $35.00, for a total transaction of $50,334,445.00. Following the completion of the sale, the chief executive officer now owns 12,184,918 shares in the company, valued at $426,472,130. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 49.20% of the stock is currently owned by corporate insiders.

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.