Analysts Issue Forecasts for Cascades’ Q4 Earnings (TSE:CAS)

Cascades Inc. (TSE:CAS) – Equities researchers at National Bank Financial raised their Q4 2024 EPS estimates for Cascades in a report released on Sunday, January 26th. National Bank Financial analyst Z. Evershed now anticipates that the company will post earnings of $0.23 per share for the quarter, up from their prior estimate of $0.21. The consensus estimate for Cascades’ current full-year earnings is $1.30 per share. National Bank Financial also issued estimates for Cascades’ FY2025 earnings at $1.35 EPS.

Other equities research analysts have also recently issued research reports about the stock. TD Securities raised their price objective on shares of Cascades from C$12.00 to C$14.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Royal Bank of Canada boosted their price objective on shares of Cascades from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a research report on Friday, December 20th. CIBC upped their price objective on Cascades from C$12.00 to C$13.00 in a report on Wednesday, January 15th. Finally, Scotiabank raised Cascades from a “hold” rating to a “strong-buy” rating in a research note on Monday. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Cascades currently has an average rating of “Moderate Buy” and an average target price of C$12.50.

Cascades Stock Performance

Cascades stock opened at C$13.25 on Wednesday. The stock has a 50-day simple moving average of C$12.08 and a 200 day simple moving average of C$10.66. The stock has a market capitalization of C$1.34 billion, a price-to-earnings ratio of -31.55, a P/E/G ratio of 0.56 and a beta of 0.15. The company has a quick ratio of 0.86, a current ratio of 1.23 and a debt-to-equity ratio of 119.55. Cascades has a 12-month low of C$8.83 and a 12-month high of C$14.96.

Cascades (TSE:CAS) last issued its quarterly earnings data on Thursday, November 7th. The company reported C$0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.14 by C$0.13. Cascades had a negative return on equity of 1.44% and a negative net margin of 0.91%. During the same period in the prior year, the business posted $0.44 earnings per share.

Cascades Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, December 5th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date was Thursday, November 21st. Cascades’s dividend payout ratio (DPR) is currently -114.29%.

Insider Transactions at Cascades

In related news, Senior Officer Luc Langevin sold 3,000 shares of Cascades stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of C$11.30, for a total transaction of C$33,900.00. 23.78% of the stock is owned by corporate insiders.

About Cascades

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.