Cadre Hldgs Stock (NYSE:CDRE), Trade Ideas

Cadre Hldgs

Cadre Holdings Inc is engaged in the design and manufacture of a diversified product portfolio of critical safety and survivability equipment to protect first responders, federal agencies, outdoor recreation, and personal protection markets. The Company's equipment provides critical protection to allow its users to safely and securely perform their duties and protect those around them in hazardous or life-threatening situations. Its operations are comprised of two reportable segments: Products and Distribution.

Earnings

News

Penny Stocks

Small Cap

Pre-Market Outlook

Markets

Trading Ideas

AAPL

CDRE

SNTG

TSLA

With U.S. stock futures trading higher this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:

Tesla, Apple And 3 Stocks To Watch Heading Into Tuesday

Intraday Update

Movers

BLBD

CIEN

CJET

COIN

GENI

IRTC

JFIN

NVAX

NVCR

NVRO

UCAR

U.S. stocks traded mixed, with the Nasdaq Composite rising around 0.2% on Tuesday. Here are some big stocks recording losses in today’s session.


Coinbase, Blue Bird, Tingo Group And Other Big Stocks Moving Lower On Tuesday

Long Ideas

Grindrod Shipping Holdings Ltd Ordinary Shares

GRIN

UHAL

VORB

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.

Most Affordable Stocks In The Industrials Sector: AMERCO, Virgin Orbit And More

Cadre Holdings Inc

Valley Ntl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLY#NASDAQ">VLY</a>) reported quarterly earnings of $0.19 per share which missed the analyst consensus estimate of $0.20 by 5 percent. This is a 36.67 percent decrease over earnings of $0.30 per share from the same period last year. The company reported quarterly sales of $454.963 million which missed the analyst consensus estimate of $455.121 million by 0.03 percent. This is a 7.21 percent decrease over sales of $490.319 million the same period last year.

Earnings Misses

Valley Ntl Q1 2024 Adj EPS $0.19 Misses $0.20 Estimate, Sales $454.963M Miss $455.121M Estimate

Biotech

Health Care

General

ALDX

Aldeyra Therapeutics Highlights Recent Preclinical Data in Obesity, Atopic Dermatitis, Pain, and Alcoholic Hepatitis, and Announces Planned Pivotal Clinical Trial in Retinitis Pigmentosa, at 2024 Research & Development Day

PPBT

Purple Biotech Says Randomized Phase 2 CM24 Pancreatic Cancer Study Selected As Late-Breaking Abstract Poster Presentation At ASCO 2024 Annual Meeting

HC Wainwright &amp; Co. analyst Joseph Pantginis reiterates Capricor Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAPR#NASDAQ">CAPR</a>) with a Buy and maintains $40 price target.

Price Target

Reiteration

Analyst Ratings

CAPR

HC Wainwright & Co. Reiterates Buy on Capricor Therapeutics, Maintains $40 Price Target

Are you tired of relying solely on dividend stocks for passive income? While they can be a great source of cash flow, putting all your eggs in the stock market basket comes with serious risks. Just look at what happened with AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) in 2022.
For decades, AT&amp;T was a beacon of stability for income investors, reliably increasing its dividend year after year. But then, seemingly out of nowhere, the telecom giant slashed its payout by a staggering 47%. It was a painful reminder that even the most trusted dividend darlings can leave investors high and dry.
To be fair, AT&amp;T still offers a tempting 6.7% yield today. But its total return since the cut is a meager 3.3%, weighed down by an 8% drop in share price. The AT&amp;T saga underscores the dangers of over-relying on any one company or sector for income.
But here&#8217;s the good news: There are plenty of alternative income investments out there that can provide more stable, reliable returns without the stomach-churning volatility of the stock market. And we&#8217;ve done the legwork to uncover four of the most compelling options, with yields ranging from 6% all the way up to 14%.
<h2 class="wp-block-heading">Stable Returns for Risk-Averse Investors: The Ascent Income Fund</h2>
For the risk-averse, the Ascent Income Fund is a standout choice. This diversified real estate debt fund is capitalizing on rising interest rates and reduced lending competition to deliver a target annualized net return of 11%-12%, with quarterly distributions. By focusing on first-lien debt investments across a range of borrowers, geographies and property types, the Fund aims to mitigate risk and provide the stability income-seekers crave.
<a href="https://www.benzinga.com/go/equitymultiple-yf">Click here to learn more about the Ascent Income Fund.</a>
<h2 class="wp-block-heading">6%+ Yield for Short-Term Investors: Alpine Notes</h2>
Looking for a shorter-term play? Check out EquityMultiple&#8217;s Alpine Notes, which offer fixed annual returns of 6% to 7.4% for investment terms of just 3, 6 or 9 months. These innovative cash management tools not only provide competitive yields, but also come with First Loss Protection &#8211; meaning EquityMultiple has skin in the game, investing alongside you in a subordinate position. With over $78M invested across more than 50 Alpine Notes series, they&#8217;ve built a solid track record.
<a href="https://www.benzinga.com/go/equitymultiple-alpine-yf">Discover how much you could earn with Alpine Notes.</a>
<h2 class="wp-block-heading">Stable Income Backed by the Growing Home Equity Market: Cityfunds Yield Fund</h2>
For investors who want to tap into the booming home equity market, the Cityfunds Yield fund is an intriguing option. Targeting an 8% annualized yield (with a 7% guaranteed floor), the fund invests in a diversified pool of collateralized real estate loans, including home equity agreement-backed notes and short-term mortgage notes. With quarterly distributions and a low $500 minimum investment, it&#8217;s an accessible way to get exposure to this growing asset class.
<a href="https://www.benzinga.com/go/cityfunds-yield-YF">Explore the Yield fund</a> and other <a href="https://www.benzinga.com/go/cityfunds-yf">Cityfund offerings</a> here.
<h2 class="wp-block-heading">14% Target Yield for Growth-Oriented Investors: Express Car Wash</h2>
And for those willing to take on a bit more risk in pursuit of outsized returns, feast your eyes on the Express Car Wash investment. With a juicy 14% target return and monthly distributions, this senior loan opportunity is funding the construction of a new Flo&#8217;s Express Car Wash in a prime LA location. And it&#8217;s not just a one-off &#8211; EquityMultiple has a proven track record in the space, with eight car wash exits delivering annualized returns of 13.40% to 85.00%.
<a href="https://www.benzinga.com/go/equitymultiple-yf">Get the full scoop on the Express Car Wash investment.</a>
The bottom line? Diversifying beyond dividend stocks is a smart move for any income-focused investor. While AT&amp;T&#8217;s dividend cut dealt a blow to many portfolios, it also served as a wake-up call about the risks of over-concentration. By spreading your bets across uncorrelated alternative assets like these, you can potentially lock in more stable, reliable cash flows &#8211; without losing sleep over every market dip.
Of course, no investment is without risk, and due diligence is always a must. But if you&#8217;re looking to level up your passive income game in the wake of the AT&amp;T disappointment, these four high-yield options are a great place to start.
Check out the opportunities best suited for your investment goals and start building a more resilient income portfolio today.

Dividends

Tired of Unreliable Dividends? Check Out These 4 High-Yield Alternatives

HOOK

HOOKIPA Pharma Announced Its Final Pivotal Phase 2/3 Trial Design For HB-200 In Combination With Pembrolizumab Based On Alignment With The FDA

ONCY

Oncolytics Reports Acceptance Of Two Abstracts At The 2024 American Society Of Clinical Oncology Annual Meeting

Mizuho analyst Vijay Rakesh maintains Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) with a Buy and raises the price target from $935 to $960.

LRCX

Mizuho Maintains Buy on Lam Research, Raises Price Target to $960

Under the collaboration, Parexel will leverage Palantir&#39;s Foundry and Artificial Intelligence Platform (AIP) to further power its clinical data platform, focused on driving clinical trial efficiency while maintaining the highest level of safety and regulatory rigor. Parexel is the first CRO working with Palantir in this capacity, building on the companies&#39; existing collaboration over the past year.

PLTR

Parexel, Parexel Announce Multi-year Strategic Partnership To Leverage AI To Help Enhance And Accelerate Delivery Of Safe And Effective Clinical Trials

HC Wainwright &amp; Co. analyst Joseph Pantginis reiterates XOMA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XOMA#NASDAQ">XOMA</a>) with a Buy and maintains $74 price target.

XOMA

HC Wainwright & Co. Reiterates Buy on XOMA, Maintains $74 Price Target

Mizuho analyst Ann Hynes maintains Encompass Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EHC#NYSE">EHC</a>) with a Buy and raises the price target from $93 to $95.

Mizuho Maintains Buy on Encompass Health, Raises Price Target to $95

AssetMark stockholders will receive&nbsp;$35.25&nbsp;per share in cash, which represents a total equity valuation of approximately&nbsp;$2.7 billion. Under the terms of the agreement, GTCR will acquire a&nbsp;100%&nbsp;interest in the Company.&nbsp;AssetMark&#39;s Board of Directors has unanimously approved the transaction and recommended the transaction to its stockholders.&nbsp;
Upon completion of the transaction, AssetMark&#39;s common stock will no longer be listed on any public market.

AssetMark Financial Agrees To Be Acquired By Private Equity Firm GTCR For $35.25 Per Share In Cash

WIIM

American Airlines shares are trading higher after the company reported Q1 financial results.

LSI Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYTS#NASDAQ">LYTS</a>) reported quarterly earnings of $0.21 per share which beat the analyst consensus estimate of $0.15 by 40 percent. This is a 10.53 percent increase over earnings of $0.19 per share from the same period last year. The company reported quarterly sales of $108.186 million which beat the analyst consensus estimate of $105.571 million by 2.48 percent. This is a 7.90 percent decrease over sales of $117.470 million the same period last year.

Earnings Beats

LYTS

LSI Industries Q3 2024 Adj EPS $0.21 Beats $0.15 Estimate, Sales $108.186M Beat $105.571M Estimate

The former personal lawyer to Donald Trump, Michael Cohen, has pledged to stop all public commentary about the former president until after his testimony in the ongoing hush-money trial.
What Happened: On Thursday, Cohen announced on his X (formerly Twitter) account, &#8220;Despite not being the gagged defendant, out of respect for Judge Merchan and the prosecutors, I will cease posting anything about Donald on my X (formerly Twitter) account or on the Mea Culpa Podcast until after my trial testimony. See you all in a month (or more).&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Despite not being the gagged defendant, out of respect for Judge Merchan and the prosecutors, I will cease posting anything about Donald on my X (formerly Twitter) account or on the Mea Culpa Podcast until after my trial testimony. See you all in a month (or more). <a href="https://twitter.com/hashtag/TeamCohen?src=hash&amp;ref_src=twsrc%5Etfw">#TeamCohen</a> <a href="https://t.co/fzuQAffQRm">pic.twitter.com/fzuQAffQRm</a>
&mdash; Michael Cohen (@MichaelCohen212) <a href="https://twitter.com/MichaelCohen212/status/1783220136612131000?ref_src=twsrc%5Etfw">April 24, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Business Insider <a href="https://www.businessinsider.com/michael-cohen-trump-manhattan-merchan-hush-money-2024-4?IR=T">reported</a> that legal experts voiced concerns about Cohen&#8217;s ongoing public commentary on the case, which could potentially offer more material for Trump&#8217;s lawyers during cross-examination. Cohen&#8217;s choice to stay silent could be a strategic move to prevent jeopardizing his testimony.
Trump, who has consistently attacked Cohen&#8217;s credibility, is also being scrutinized for possibly violating Judge Juan Merchan&#8217;s gag order. Cohen&#8217;s forthcoming testimony is expected to be a significant event in the trial.
Why It Matters: Cohen is a <a href="https://www.benzinga.com/news/24/04/38240217/michael-cohen-suggests-public-will-be-surprised-by-bombshell-evidence-in-donald-trumps-hush-money-tr">key figure in the New York prosecutors</a>&#8216; accusations of falsified business records to hide hush money paid to adult film actress Stormy Daniels before the 2016 presidential election. He is also a crucial witness in Trump&#8217;s fraud trial.
See Also: <a href="https://www.benzinga.com/general/politics/24/04/38362005/donald-trump-may-soon-receive-36-million-more-djt-shares-key-milestone-ahead?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Donald Trump May Soon Receive An Additional $1.26B In DJT Shares: Key Milestone Ahead (UPDATED)</a>
It is worth noting that <a href="https://www.benzinga.com/news/24/04/38240217/michael-cohen-suggests-public-will-be-surprised-by-bombshell-evidence-in-donald-trumps-hush-money-tr">this case is moving forward</a> in contrast to Trump&#8217;s other criminal cases, which seem to be at a standstill. 
This also comes on the heels of Trump&#8217;s close allies including Boris Epshteyn, Mark Meadows, and Rudy Giuliani <a href="https://www.benzinga.com/news/24/04/38420233/trump-allies-giuliani-meadows-indicted-by-arizona-grand-jury-for-alleged-2020-election-subversion-ex">being indicted by an Arizona grand jury</a> for alleged involvement in attempts to overturn the 2020 election results.
Read Next: <a href="https://www.benzinga.com/news/24/04/38405064/anthony-scaramucci-says-nikki-haley-is-still-polling-nicely-in-pa-despite-ending-bid-against-trump-a?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Says Nikki Haley Is Still Polling &#8216;Nicely&#8217; In PA, Despite Ending Bid Against Trump: &#8216;And If You Are With Him: CRY&#8217;</a>
Photo by a katz on Shutterstock
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Politics

Former Trump Attorney Vows To Cease Public Criticism Of Ex-President Until Hush-Money Trial Is Over

Guidance

SPGI

S&P Global Sees FY24 Adj EPS Of $13.85 - $14.10 Vs. $14.11 Est.

HC Wainwright &amp; Co. analyst Joseph Pantginis reiterates Viking Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VKTX#NASDAQ">VKTX</a>) with a Buy and maintains $90 price target.

VKTX

HC Wainwright & Co. Reiterates Buy on Viking Therapeutics, Maintains $90 Price Target

Second quarter&nbsp;revenue is expected to reflect approximately&nbsp;20%&nbsp;year-on-year growth and sequential growth of&nbsp;8%, with Adjusted EBITDA Margin in an expected range of&nbsp;20%&nbsp;to&nbsp;21%, or up 200 to 300 basis points year-on-year and sequentially in both cases based on the mid-point of&nbsp;second quarter&nbsp;guidance.&quot;

XPRO

Expro Group Expects Q2 Revenue To Reflect Approximately 20% Y/Y Growth And Sequential Growth Of 8%

S&P Global Raises FY24 Revenue Outlook From 5.5% - 7.5% to 6.0% - 8.0%

By <a href="https://roboforex.com/?utm_source=benzinga.com&amp;utm_medium=pr&amp;utm_campaign=rf_en_external_article_25042024&amp;utm_content=analysis&amp;utm_term=forecast" style="color:#0563c1; text-decoration:underline">RoboForex</a> Analytical Department
The USD/JPY pair reached an all-time high on Thursday, touching the 155.50 level. This development comes as the Bank of Japan (BoJ) starts its two-day monetary policy meeting with widespread expectations that the interest rate will remain unchanged at zero. Investors are keenly watching for any aggressive signals from the BoJ, as further declines in the yen could prompt Tokyo to intervene in the currency market. However, any such intervention is expected to provide only a short-term respite for the yen.
The primary driver behind the yen&#39;s weakness remains the significant disparity in monetary policies between the Bank of Japan and the US Federal Reserve, particularly regarding interest rates. The current situation will likely persist if there is no shift in these policies.
Last week, BoJ Governor Kazuo Ueda indicated at the G-20 summit that the regulator might consider raising rates if the yen&#39;s weakness leads to a sustained increase in import prices. The BoJ is closely monitoring inflation trends, and should the consumer price index approach the 2% target, the bank may adopt a more decisive stance.
The yen has been on a consistent downward trajectory since 13 March this year, showing few signs of interruption.
USD/JPY technical analysis
<a href="https://www.benzinga.com/files/u117641/usdjpyh4_12.png"><img alt="" src="https://www.benzinga.com/files/u117641/usdjpyh4_12.png" style="height:716px; width:1596px" /></a>
On the H4 chart, USD/JPY found support at 153.65, and the fifth wave of growth is unfolding. The pair is expected to reach 155.85 soon. Following this, a corrective move to at least 154.60 (testing from above) is anticipated, potentially followed by further growth towards 156.56. This target represents the primary objective of the growth wave. This bullish scenario is technically supported by the MACD oscillator, whose signal line is above zero and trending upwards.
<a href="https://www.benzinga.com/files/u117641/usdjpyh1_10.png"><img alt="" src="https://www.benzinga.com/files/u117641/usdjpyh1_10.png" style="height:716px; width:1596px" /></a>
On the H1 chart, USD/JPY has established support at 154.55, with the upward structure aiming for 155.85. Currently, the growth to 155.73 has been executed. A slight retracement to 155.20 (testing from above) may occur next. After reaching this level, the likelihood of an ascent to 155.85 will be reassessed. This technical outlook is confirmed by the Stochastic oscillator, whose signal line is currently above 80, poised for a drop to around 50.
Disclaimer
Any forecasts contained herein are based on the author&#39;s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Japanese yen hits all-time low as BoJ meeting commences

As global geopolitical tensions continue to escalate, the demand for robust defense solutions has never been more pronounced. Moreover, swift technological advancements are boosting the air defense sector. So, fundamentally sound air defense stocks Elbit Systems (ESLT), Cadre Holdings (CDRE), and Willis Lease Finance (WLFC) might be ideal buys for profits this month. Read more... In the current geopolitical climate, escalating military tensions are evident in conflicts across regions like Ukraine and Israel, alongside recent Houthi attacks on Red Sea cargo ships, prompting fears of wider distress in the Middle East. Consequently, nations globally are reevaluating their defense capabilities, fueling demand for aerospace and defense companies, particularly in the development of advanced air defense systems to mitigate aerial threats.
Hence, quality air defense stocks Elbit Systems Ltd. (<a href="https://stocknews.com/stock/ESLT/">ESLT</a>), Cadre Holdings, Inc. (<a href="https://stocknews.com/stock/CDRE/">CDRE</a>), and Willis Lease Finance Corporation (<a href="https://stocknews.com/stock/WLFC/">WLFC</a>) could be solid buys for gains this month.
In December 2023, the US Congress passed a record <a href="https://www.lemonde.fr/en/international/article/2023/12/14/us-congress-passes-huge-2024-defense-budget_6344489_4.html">defense budget of $886 billion</a> for 2024, extending overseas electronic surveillance and allocating funds to enhance defense in the Indo-Pacific region. The bill also extends military aid to Ukraine and grants a significant pay raise for military personnel.
Moreover, considering the rising demand, the Department of the Air Force's <a href="https://www.saffm.hq.af.mil/FM-Resources/Budget/Air-Force-Presidents-Budget-FY24/#a__text_The_20Department_20of_20the_20Air_over_20the_20FY23_20enacted_20position_">FY 2024 budget request totals approximately $215.10 billion, reflecting</a> a $9.30 billion or 4.5% increase from last year. Specifically, the Air Force's budget request is $185.10 billion, marking a $5.40 billion increase, while the Space Force's request is $30 billion, a $3.90 billion increase.
Additionally, the Department's Research, Development, Test, and Evaluation (RDT&amp;E) request amounts to $55.40 billion, indicating a $4.90 billion increase from 2023. These budgetary boosts underscore the Department's dedication to aligning investments with the objectives outlined in the National Defense Strategy.
Further, aerospace and defense enterprises are harnessing technologies such as artificial intelligence and machine learning to enhance efficiency and deliver precise predictive maintenance for defense systems, thereby minimizing downtimes. Additionally, the integration of 3D printing facilitates the development of novel products, fortifies supply chains, and tackles logistical challenges.
The global air defense systems market is estimated to grow at a <a href="https://www.expertmarketresearch.com/reports/air-defence-systems-market">CAGR of 6.8%</a> between 2024 and 2032.
Considering these conducive trends, let's take a look at the fundamentals of the three best <a href="https://stocknews.com/category/air-defense/">Air/Defense Services</a> stocks, starting with number 3.
Stock #3: Elbit Systems Ltd. (<a href="https://stocknews.com/stock/ESLT/">ESLT</a>)
Headquartered in Haifa, Israel, ESLT develops and supplies a range of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation. The company's operations span Aerospace; C4I and Cyber; ISTAR and EW; Land; and Elbit Systems of America segments.
ESLT's trailing-12-month cash per share of $2.71 is 13.9% higher than the industry average of $2.38 industry average.
On February 26, 2024, ESLT announced the awarding of a contract valued at approximately $600 million to supply systems to Hanwha Defense Australia for the Australian Land 400 Phase 3 Project. The project aims to enhance the Australian Army's Redback Infantry Fighting Vehicles (IFV) with advanced protection, fighting capabilities, and sensor suites.
The five-year contract reaffirms ESLT's commitment to delivering cutting-edge defense technologies to safeguard troops on the modern battlefield.
On February 12, ESLT unveiled its latest Unmanned Aerial System (UAS), designed to tackle the evolving challenges in aerospace and defense. The advanced UAS, with its next-generation digital architecture and multi-mission capability, enhances operational efficiency, potentially boosting ESLT's revenue by catering to diverse mission requirements.
Moreover, with its multi-role platform accommodating flexible payload configurations, ESLT stands to attract lucrative contracts from defense agencies and private entities seeking state-of-the-art solutions, solidifying its financial growth and competitive edge.
The company pays an annual dividend of $2, which yields 0.93% on the prevailing price level. The company has raised its dividend payout at a CAGR of 6.2% over the past three years.
During the fiscal 2023 third quarter that ended September 30, 2023, ESLT's non-GAAP <a href="https://www.investopedia.com/terms/g/grossprofit.asp">gross profit</a> increased 10.6% year-over-year to $373.80 million. Its non-GAAP operating income grew 38.8% from the year-ago value to $117 million. Additionally, non-GAAP net income attributable to ESLT shareholders rose 17.4% from the prior year's period to $73.50 million, and non-GAAP net EPS increased 17.9% year-over-year to $1.65.
Street expects ESLT's revenue and EPS to rise 8.1% and 5.8% year-over-year to $6.46 billion and $5.67 in the fiscal year ending December 2024.
Over the past year, the stock has gained 16.7%, closing the last trading session at $206.38.
ESLT's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its promising outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
ESLT has a B grade for Stability, Momentum, and Sentiment. It is ranked #9 within the <a href="https://stocknews.com/category/air-defense/">Air/Defense Services</a> industry.
In addition to the POWR Ratings stated above, one can access ESLT's additional Growth, Value, and Quality ratings <a href="https://stocknews.com/stock/ESLT/">here</a>.
Stock #2: Cadre Holdings, Inc. (<a href="https://stocknews.com/stock/CDRE/">CDRE</a>) 
CDRE manufactures and distributes safety and survivability equipment that protects users in hazardous or life-threatening situations. The company operates in two segments: Products and Distribution. It offers body armor products, survival suits, remotely operated vehicles, specialty tools, blast sensors, accessories, vehicle blast attenuation seats, bomb suits, duty gear, etc.
CDRE's trailing-12-month levered FCF margin of 12.98% is 97.9% higher than the industry average of 6.56%. Its trailing-12-month asset turnover ratio of 1.17x is 47.4% higher than the industry average of 0.80x.
On March 4, CDRE finalized its acquisition of Alpha Safety Intermediate, LLC, the parent company of Alpha Safety, a prominent provider of nuclear safety solutions. The acquisition cost $106.50 million, excluding adjustments for working capital, and was financed using cash reserves and an expansion of term debt under
On February 16, CDRE paid a quarterly cash dividend of $0.0875 per share, or $0.35 per share on an annualized basis, which represents an increase of $0.03 per share, or 9.4% per share, over the previous annualized dividend of $0.32 per share. The company's annual dividend yields 0.91% on the current market price, compared to a four-year average of 1.10%.
During the fiscal fourth quarter that ended December 31, 2023, CDRE's net sales increased marginally year-over-year to $124.58 million. The company's gross profit increased 2.5% year-over-year to $49.76 million. Additionally, its net income rose 45.4% year-over-year to $9.59 million. Its adjusted EBITDA amounted to $20.69 million.
Also, its EPS came in at $0.25, representing an increase of 47.1% over the prior-year quarter.
For the fiscal year 2024, CDRE anticipates net sales between $553 million to $572 million and adjusted EBITDA ranging from $104 million to $108 million. Capital expenditures are projected to fall within $8 million to $10 million.
For the quarter ending March 31, 2024, CDRE's revenue is expected to increase 14.5% year-over-year to $127.98 million. Its EPS for the same quarter is expected to increase 59.3% year-over-year to $0.29. It surpassed the Street EPS estimates in three of the trailing four quarters, which is impressive.
Over the past nine months, the stock has gained 90.2% to close the last trading session at $38.03.
CDRE's sound prospects are reflected in its POWR Ratings. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
It has an A grade for Quality and a B for Momentum, Stability, and Sentiment. Within the same industry, it is ranked #5.
To see the other ratings of CDRE for Growth and Value, click <a href="https://stocknews.com/stock/CDRE/">here</a>.
 Stock #1: Willis Lease Finance Corporation (<a href="https://stocknews.com/stock/WLFC/">WLFC</a>) 
WLFC operates as a lessor and servicer of commercial aircraft and aircraft engines worldwide. The company operates through two segments: Leasing and Related Operations and Spare Parts Sales. It also focuses on engine management and consulting business. It serves commercial aircraft operators, as well as maintenance, repair, and overhaul organizations.
WLFC's trailing-12-month EBIT and EBITDA margins of 33.80% and 57.46% are 239.8% and 317.6% higher than the industry averages of 9.95% and 13.76%.
In October, WLFC's subsidiary, Willis Engine Structured Trust VII, had priced $410 million in fixed-rate notes secured by a portfolio of 51 aircraft engines and four airframes. The Notes have a fixed coupon of 8%, an expected maturity of approximately six years, and will be issued at 98.84814% of par.
WLFC's total revenue for the fiscal third quarter ended September 30, 2023, increased 37.5% year-over-year to $105.75 billion. Its net income attributable to common shareholders rose 148.3% over the prior-year quarter to $13.78 million. The company's income from operations increased 128.7% year-over-year to $20 million. Also, its income per common share came in at $2.13, representing an increase of 139.3% year-over-year.
Over the past six months, the stock has gained 14.5% to close the last trading session at $47.62.
It's no surprise that WLFC has an overall rating of A, which translates to a Strong Buy in our POWR Ratings system.
It has a B grade for Growth, Value, Momentum, Sentiment, and Quality. It is ranked first in the same industry.
Click <a href="https://stocknews.com/stock/WLFC/">here</a> to see WLFC's Stability rating.
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ESLT shares were trading at $201.25 per share on Tuesday afternoon, down $5.13 (-2.49%). Year-to-date, ESLT has declined -5.63%, versus a 8.63% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/eslt-cdre-wlfc-3-air-defense-stocks-to-buy-for-march-profits/>3 Air Defense Stocks to Buy for March Profits</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Air Defense Stocks to Buy for March Profits

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