Roth Capital Estimates Cadre’s Q4 Earnings (NYSE:CDRE)

Cadre Holdings, Inc. (NYSE:CDRE) – Stock analysts at Roth Capital raised their Q4 2024 earnings per share estimates for shares of Cadre in a research report issued on Thursday, November 7th. Roth Capital analyst M. Koranda now forecasts that the company will earn $0.48 per share for the quarter, up from their prior estimate 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.

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

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

Cadre Stock Down 8.5 %

CDRE stock opened at $33.99 on Friday. The company’s 50 day simple moving average is $36.92 and its 200-day simple moving average is $34.92. Cadre has a 52-week low of $28.14 and a 52-week high of $40.28. 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 $1.38 billion, a P/E ratio of 33.00, a P/E/G ratio of 2.08 and a beta of 1.30.

Institutional Trading of Cadre

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Cadre by 21.2% in the 1st quarter. Vanguard Group Inc. now owns 1,180,212 shares of the company’s stock valued at $42,724,000 after purchasing an additional 206,564 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Cadre by 32.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 460,500 shares of the company’s stock worth $16,671,000 after purchasing an additional 113,722 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Cadre by 30.2% during the second quarter. Dimensional Fund Advisors LP now owns 411,056 shares of the company’s stock worth $13,794,000 after purchasing an additional 95,233 shares during the period. Fred Alger Management LLC raised its position in shares of Cadre by 19.6% in the second quarter. Fred Alger Management LLC now owns 393,638 shares of the company’s stock valued at $13,210,000 after purchasing an additional 64,543 shares during the period. Finally, Zimmer Partners LP acquired a new stake in shares of Cadre in the first quarter worth $11,990,000. 43.95% of the stock is owned by institutional investors.

Cadre Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.0875 dividend. This represents a $0.35 annualized dividend and a yield of 1.03%. The ex-dividend date is Friday, November 1st. Cadre’s payout ratio is currently 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.