Cadeler A/S Sponsored ADR (NYSE:CDLR – Get Free Report)’s stock price gapped up before the market opened on Tuesday after the company announced better than expected quarterly earnings. The stock had previously closed at $23.97, but opened at $26.00. Cadeler A/S shares last traded at $25.7310, with a volume of 45,836 shares traded.
The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.21. The company had revenue of $322.76 million for the quarter, compared to analyst estimates of $280.45 million. Cadeler A/S had a return on equity of 13.06% and a net margin of 27.45%.
Analyst Ratings Changes
A number of brokerages have commented on CDLR. Wall Street Zen downgraded shares of Cadeler A/S from a “hold” rating to a “sell” rating in a research report on Sunday, July 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadeler A/S in a research report on Tuesday, August 18th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, Cadeler A/S presently has an average rating of “Hold”.
Hedge Funds Weigh In On Cadeler A/S
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CDLR. Raymond James Financial Inc. purchased a new position in Cadeler A/S in the second quarter valued at approximately $34,000. Blue Trust Inc. purchased a new stake in shares of Cadeler A/S during the 1st quarter worth approximately $42,000. Rhumbline Advisers boosted its holdings in shares of Cadeler A/S by 45.2% in the 1st quarter. Rhumbline Advisers now owns 2,167 shares of the company’s stock valued at $43,000 after buying an additional 675 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Cadeler A/S by 10,418.8% in the 2nd quarter. Bank of America Corp DE now owns 3,366 shares of the company’s stock valued at $67,000 after buying an additional 3,334 shares in the last quarter. Finally, Barclays PLC acquired a new position in shares of Cadeler A/S in the 4th quarter valued at $119,000. 53.03% of the stock is owned by institutional investors and hedge funds.
Cadeler A/S Price Performance
The stock’s 50-day moving average is $22.79 and its 200 day moving average is $24.48. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.29 and a current ratio of 1.31. The stock has a market capitalization of $2.44 billion, a PE ratio of 10.06 and a beta of 0.66.
Cadeler A/S Company Profile
Cadeler A/S is a Denmark-based specialist in offshore wind turbine installation and related services. The company operates a fleet of dynamically positioned (DP3) self-propelled jack-up vessels designed for the transportation, installation and commissioning of foundation structures, turbine towers, nacelles and blades. Cadeler’s capabilities encompass project planning, logistics coordination and offshore operations, enabling wind farm developers to deploy large-scale turbines in challenging marine environments.
The company’s two flagship vessels, Wind Orca and Wind Osprey, are equipped to work in water depths of up to 70 meters and to handle the installation of next-generation turbines.
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