Analysts Issue Forecasts for Cascades’ Q3 Earnings (TSE:CAS)

Cascades Inc. (TSE:CAS) – Research analysts at National Bank Financial lifted their Q3 2024 earnings per share estimates for shares of Cascades in a report issued on Monday, October 21st. National Bank Financial analyst Z. Evershed now forecasts that the company will earn $0.17 per share for the quarter, up from their previous estimate of $0.14. The consensus estimate for Cascades’ current full-year earnings is $1.30 per share. National Bank Financial also issued estimates for Cascades’ Q4 2024 earnings at $0.25 EPS, FY2024 earnings at $0.50 EPS and FY2025 earnings at $1.19 EPS.

Other equities research analysts have also issued reports about the stock. Scotiabank dropped their price objective on shares of Cascades from C$12.00 to C$11.00 and set a “sector perform” rating on the stock in a report on Monday, August 12th. CIBC cut their price objective on Cascades from C$11.00 to C$10.50 and set a “neutral” rating on the stock in a report on Monday, August 12th. Finally, Royal Bank of Canada decreased their target price on Cascades from C$11.00 to C$10.00 in a report on Thursday, July 11th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Cascades currently has an average rating of “Hold” and an average target price of C$11.08.

Cascades Stock Down 0.5 %

TSE:CAS opened at C$10.65 on Thursday. The company has a current ratio of 1.23, a quick ratio of 0.86 and a debt-to-equity ratio of 119.55. Cascades has a twelve month low of C$8.83 and a twelve month high of C$15.00. The company has a market cap of C$1.08 billion, a PE ratio of -25.36, a P/E/G ratio of 0.56 and a beta of 0.15. The company’s 50 day moving average is C$9.78 and its two-hundred day moving average is C$9.55.

Cascades (TSE:CAS) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.08 earnings per share for the quarter, topping the consensus estimate of C$0.06 by C$0.02. Cascades had a negative return on equity of 1.44% and a negative net margin of 0.91%. The business had revenue of C$1.18 billion during the quarter, compared to the consensus estimate of C$1.17 billion.

Insider Transactions at Cascades

In related news, Director Hugues Simon purchased 11,000 shares of Cascades stock in a transaction that occurred on Friday, August 9th. The stock was bought at an average cost of C$9.10 per share, for a total transaction of C$100,100.00. Company insiders own 23.78% of the company’s stock.

Cascades Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, September 5th were issued a $0.12 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.48 annualized dividend and a dividend yield of 4.51%. Cascades’s dividend payout ratio (DPR) is presently -114.29%.

Cascades Company Profile

Cascades Inc produces, converts, and markets packaging and tissue products in Canada and the United States. The company operates through three segments: Containerboard, Specialty Products, and Tissue Papers. It offers various packaging solutions and tissue products comprised of recycled fibers; tissue papers, comprising parent rolls of virgin and recycled fibres; specialty products, including uncoated recycled boxboards; and containerboards.