Roth Capital Has Positive Outlook of Cadre FY2024 Earnings

Cadre Holdings, Inc. (NYSE:CDRE) – Roth Capital increased their FY2024 earnings estimates for shares of Cadre in a report released on Thursday, November 7th. Roth Capital analyst M. Koranda now anticipates that the company will post earnings of $1.06 per share for the year, up from their previous estimate of $1.01. The consensus estimate for Cadre’s current full-year earnings is $1.05 per share. Roth Capital also issued estimates for Cadre’s Q3 2025 earnings at $0.24 EPS and Q4 2025 earnings at $0.38 EPS.

Cadre (NYSE:CDRE) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.03. The firm had revenue of $109.41 million for the quarter, compared to analyst estimates of $126.27 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. Cadre’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.29 earnings per share.

Separately, Roth Mkm dropped their price objective on shares of Cadre from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $39.75.

Cadre Price Performance

Shares of NYSE CDRE opened at $34.50 on Monday. The firm has a market cap of $1.40 billion, a PE ratio of 41.96, a price-to-earnings-growth ratio of 2.09 and a beta of 1.30. The business has a 50 day moving average price of $36.87 and a two-hundred day moving average price of $34.96. The company has a quick ratio of 2.14, a current ratio of 3.01 and a debt-to-equity ratio of 0.65. Cadre has a fifty-two week low of $29.18 and a fifty-two week high of $40.28.

Cadre Dividend Announcement

The firm 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 dividend of $0.0875 per share. The ex-dividend date is Friday, November 1st. This represents a $0.35 annualized dividend and a yield of 1.01%. Cadre’s dividend payout ratio (DPR) is presently 42.17%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CDRE. Navellier & Associates Inc. acquired a new position in Cadre during the third quarter worth $378,000. Intech Investment Management LLC bought a new stake in shares of Cadre during the 3rd quarter worth about $220,000. Advisors Asset Management Inc. increased its holdings in shares of Cadre by 62.2% during 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 during the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Cadre by 66.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,732 shares of the company’s stock valued at $407,000 after acquiring an additional 4,289 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Cadre by 18.4% in the 3rd quarter. Principal Financial Group Inc. now owns 18,390 shares of the company’s stock worth $698,000 after acquiring an additional 2,856 shares during the period. Hedge funds and other institutional investors own 43.95% of the company’s stock.

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.