Cadre (NYSE:CDRE) Releases Earnings Results, Misses Expectations By $0.16 EPS

Cadre (NYSE:CDRE) announced its quarterly earnings results on Tuesday. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.16), Briefing.com reports. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The firm had revenue of $175.98 million for the quarter, compared to analysts’ expectations of $170.95 million. During the same period last year, the firm earned $0.25 EPS. Cadre’s revenue was up 41.3% compared to the same quarter last year.

Cadre Trading Down 0.6 %

NYSE:CDRE traded down $0.20 on Tuesday, reaching $33.65. The stock had a trading volume of 292,562 shares, compared to its average volume of 242,998. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 40.54, a P/E/G ratio of 1.58 and a beta of 1.30. Cadre has a 12-month low of $29.19 and a 12-month high of $40.28. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.01 and a quick ratio of 1.96. The firm’s fifty day moving average is $35.13 and its two-hundred day moving average is $35.48.

Cadre Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Friday, January 31st. This is a boost from Cadre’s previous quarterly dividend of $0.09. Cadre’s dividend payout ratio (DPR) is currently 45.78%.

Insider Activity at Cadre

In other news, CEO Warren B. Kanders sold 25,000 shares of Cadre stock in a transaction on Friday, December 13th. The stock was sold at an average price of $35.29, for a total value of $882,250.00. Following the completion of the sale, the chief executive officer now owns 11,407,211 shares of the company’s stock, valued at $402,560,476.19. The trade was a 0.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 37.00% 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.