Cascades (TSE:CAS – Get Free Report) is set to post its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect Cascades to post earnings of C($0.06) per share for the quarter.
Cascades (TSE:CAS – Get Free Report) last issued its earnings results on Thursday, February 22nd. The company reported C$0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.25). Cascades had a negative net margin of 1.64% and a negative return on equity of 2.86%. The company had revenue of C$1.14 billion for the quarter, compared to analysts’ expectations of C$1.22 billion.
Cascades Trading Up 1.1 %
Shares of CAS opened at C$9.57 on Wednesday. The company has a debt-to-equity ratio of 108.76, a current ratio of 1.33 and a quick ratio of 0.86. The firm has a market capitalization of C$963.79 million, a price-to-earnings ratio of -12.59, a PEG ratio of 0.56 and a beta of 0.06. The company has a 50-day moving average of C$9.67 and a 200 day moving average of C$11.72. Cascades has a 1-year low of C$9.10 and a 1-year high of C$15.00.
Cascades Increases Dividend
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on CAS. National Bankshares reduced their price target on Cascades from C$13.50 to C$11.00 in a research report on Thursday, April 11th. Royal Bank of Canada decreased their price objective on shares of Cascades from C$14.00 to C$11.00 and set a “sector perform” rating for the company in a research report on Friday, April 19th. CIBC dropped their target price on shares of Cascades from C$14.00 to C$12.00 in a research report on Thursday, April 11th. TD Securities decreased their price target on shares of Cascades from C$12.00 to C$11.00 and set a “buy” rating for the company in a report on Tuesday, April 16th. Finally, Scotiabank dropped their price objective on shares of Cascades from C$13.50 to C$12.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of C$11.67.
Get Our Latest Analysis on Cascades
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.
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