Roth Capital Issues Positive Estimate for Cadre Earnings

Cadre Holdings, Inc. (NYSE:CDRE) – Equities researchers at Roth Capital increased their Q4 2024 EPS estimates for Cadre in a 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 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. Cadre had a net margin of 6.34% and a return on equity of 13.44%. The business had revenue of $109.41 million during the quarter, compared to the consensus estimate of $126.27 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The firm’s quarterly revenue was down 12.6% on a year-over-year basis.

Separately, Roth Mkm decreased their price objective on Cadre from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Cadre currently has an average rating of “Moderate Buy” and an average target price of $39.75.

Cadre Stock Performance

Shares of Cadre stock opened at $34.93 on Friday. Cadre has a 12 month low of $28.46 and a 12 month high of $40.28. The company has a quick ratio of 2.14, a current ratio of 3.17 and a debt-to-equity ratio of 0.66. The stock has a market cap of $1.42 billion, a PE ratio of 42.08, a price-to-earnings-growth ratio of 2.21 and a beta of 1.30. The business has a fifty day simple moving average of $36.90 and a 200-day simple moving average of $34.94.

Cadre Announces Dividend

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 paid a $0.0875 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.35 dividend on an annualized basis and a yield of 1.00%. Cadre’s dividend payout ratio (DPR) is currently 42.17%.

Hedge Funds Weigh In On Cadre

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CDRE. Intech Investment Management LLC bought a new position in Cadre during the third quarter valued at about $220,000. Advisors Asset Management Inc. raised its stake in shares of Cadre by 62.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 29,582 shares of the company’s stock valued at $1,123,000 after acquiring an additional 11,342 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Cadre by 66.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,732 shares of the company’s stock worth $407,000 after purchasing an additional 4,289 shares during the last quarter. Principal Financial Group Inc. boosted its position in Cadre by 18.4% during the third quarter. Principal Financial Group Inc. now owns 18,390 shares of the company’s stock worth $698,000 after purchasing an additional 2,856 shares during the period. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in Cadre by 9.8% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 19,364 shares of the company’s stock valued at $735,000 after purchasing an additional 1,721 shares during the last quarter. Institutional investors own 43.95% of the company’s stock.

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.