Cascades (CADNF) Projected to Post Quarterly Earnings on Thursday

Cascades (OTCMKTS:CADNF) will likely be announcing its results before the market opens on Thursday, August 6th. Analysts expect the company to announce earnings of $0.0551 per share and revenue of $842.6740 million for the quarter.

Cascades Stock Performance

Cascades stock opened at $9.69 on Tuesday. Cascades has a twelve month low of $6.54 and a twelve month high of $10.22. The stock’s 50 day moving average is $8.30 and its 200 day moving average is $8.53.

Analysts Set New Price Targets

A number of research firms have recently commented on CADNF. Canadian Imperial Bank of Commerce raised Cascades from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 21st. Scotiabank reiterated an “outperform” rating on shares of Cascades in a research note on Friday, July 24th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

About Cascades

Cascades Inc is a Canadian leader in the production, conversion and marketing of packaging and tissue products composed mainly of recycled fibres. Headquartered in Kingsey Falls, Quebec, the company operates a network of manufacturing facilities across North America and Europe. Since its founding in 1964, Cascades has focused on sustainable solutions that meet the needs of consumer goods companies, retailers and foodservice businesses.

The company’s operations are organized into three primary segments: packaging specialties, tissue papers and recovery and recycling.