Brokers Offer Predictions for Cadre Holdings, Inc.’s Q4 2024 Earnings (NYSE:CDRE)
Cadre Holdings, Inc. (NYSE:CDRE – Free Report) – Equities researchers at B. Riley issued their Q4 2024 earnings per share (EPS) estimates for Cadre in a note issued to investors on Wednesday, March 6th. B. Riley analyst J. Van. Sinderen anticipates that the company will earn $0.27 per share for the quarter. B. Riley has a “Buy” rating and a $48.00 price objective on the stock. The consensus estimate for Cadre’s current full-year earnings is $1.21 per share.
A number of other equities analysts have also commented on the company. Roth Mkm reaffirmed a “buy” rating and issued a $43.00 price target (up from $38.00) on shares of Cadre in a report on Wednesday, March 6th. Raymond James downgraded Cadre from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Stifel Nicolaus raised their price target on Cadre from $33.00 to $34.00 and gave the company a “hold” rating in a research report on Wednesday, March 6th. Finally, Stephens raised their price target on Cadre from $36.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Cadre has an average rating of “Moderate Buy” and a consensus price target of $37.00.
Read Our Latest Stock Analysis on CDRE
Cadre Stock Performance
Shares of CDRE opened at $38.46 on Monday. The company has a current ratio of 2.64, a quick ratio of 1.72 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 37.71 and a beta of 1.34. The stock has a 50 day moving average of $34.46 and a 200 day moving average of $30.92. Cadre has a 12 month low of $16.58 and a 12 month high of $39.30.
Cadre Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 2nd were given a $0.0875 dividend. The ex-dividend date of this dividend was Thursday, February 1st. This is a boost from Cadre’s previous quarterly dividend of $0.08. This represents a $0.35 annualized dividend and a yield of 0.91%. Cadre’s dividend payout ratio is 34.31%.
Hedge Funds Weigh In On Cadre
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its position in Cadre by 89.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,507 shares of the company’s stock valued at $33,000 after acquiring an additional 713 shares in the last quarter. Point72 Middle East FZE purchased a new stake in Cadre during the 4th quarter valued at $37,000. Covestor Ltd raised its stake in Cadre by 49,625.0% during the 3rd quarter. Covestor Ltd now owns 1,989 shares of the company’s stock valued at $53,000 after buying an additional 1,985 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Cadre by 75.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,322 shares of the company’s stock valued at $56,000 after buying an additional 1,001 shares during the last quarter. Finally, Federated Hermes Inc. purchased a new stake in Cadre during the 1st quarter valued at $60,000. 43.95% of the stock is owned by institutional investors.
Cadre Company Profile
Cadre Holdings, Inc manufactures and distributes safety and survivability equipment 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 and law enforcement equipment comprising communications gear, forensic and investigation products, firearms cleaning solutions, and crowd control products.
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