Cascades Q3 EPS Forecast Raised by National Bank Financial

Cascades Inc. (TSE:CAS) – Analysts at National Bank Financial upped their Q3 2024 EPS estimates for shares of Cascades in a report released on Monday, October 21st. National Bank Financial analyst Z. Evershed now expects 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.

Several other equities research analysts have also recently weighed in on CAS. CIBC lowered their price target on shares of Cascades from C$11.00 to C$10.50 and set a “neutral” rating for the company in a research report on Monday, August 12th. Royal Bank of Canada reduced their price target on Cascades from C$11.00 to C$10.00 in a research report on Thursday, July 11th. Finally, Scotiabank dropped their price objective on Cascades from C$12.00 to C$11.00 and set a “sector perform” rating on the stock in a research report on Monday, August 12th. Five research 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 presently has an average rating of “Hold” and a consensus target price of C$11.08.

Cascades Stock Up 1.1 %

Shares of TSE:CAS opened at C$10.77 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.23 and a debt-to-equity ratio of 119.55. The business’s 50 day moving average is C$9.80 and its 200 day moving average is C$9.55. The stock has a market cap of C$1.09 billion, a P/E ratio of -25.64, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15. Cascades has a 52-week low of C$8.83 and a 52-week high of C$15.00.

Cascades (TSE:CAS) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of C$1.18 billion during the quarter, compared to analyst estimates of C$1.17 billion.

Insider Transactions at Cascades

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

Cascades Dividend Announcement

The firm 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. This represents a $0.48 annualized dividend and a dividend yield of 4.46%. The ex-dividend date of this dividend was Thursday, September 5th. Cascades’s dividend payout ratio (DPR) is currently -114.29%.

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.