Cadre (NYSE:CDRE) Issues Earnings Results

Cadre (NYSE:CDRE) issued its earnings results on Friday. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04, Briefing.com reports. The firm had revenue of $144.31 million during the quarter, compared to analyst estimates of $142.06 million. Cadre had a net margin of 7.58% and a return on equity of 19.18%. Cadre’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.29 earnings per share. Cadre updated its FY 2024 guidance to EPS.

Cadre Price Performance

CDRE traded down $0.34 during trading hours on Friday, hitting $33.85. The company’s stock had a trading volume of 206,533 shares, compared to its average volume of 249,183. Cadre has a 12 month low of $23.85 and a 12 month high of $39.81. The company has a current ratio of 2.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.74. The business’s 50-day moving average price is $34.38 and its 200-day moving average price is $34.37. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 33.51, a P/E/G ratio of 2.07 and a beta of 1.29.

Cadre Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, August 2nd will be paid a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Friday, August 2nd. Cadre’s payout ratio is 34.65%.

Insider Buying and Selling

In other news, Director Nicolas Sokolow sold 8,596 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $32.08, for a total value of $275,759.68. Following the completion of the sale, the director now owns 547,620 shares in the company, valued at approximately $17,567,649.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 49.20% of the stock is currently owned by company 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.