Cascades (CAS) Set to Announce Quarterly Earnings on Thursday

Cascades (TSE:CAS) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Cascades to post earnings of C$0.13 per share for the quarter.

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

Cascades Stock Up 0.1 %

CAS opened at C$10.64 on Wednesday. The company has a market cap of C$1.07 billion, a PE ratio of -25.33, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15. Cascades has a twelve month low of C$8.83 and a twelve month high of C$15.00. The company has a 50-day moving average price of C$10.03 and a 200 day moving average price of C$9.62. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, September 5th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.51%. Cascades’s payout ratio is currently -114.29%.

Insider Transactions at Cascades

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

Analysts Set New Price Targets

Several analysts recently commented on CAS shares. Royal Bank of Canada dropped their price target on Cascades from C$11.00 to C$10.00 in a research report on Thursday, July 11th. CIBC reduced their target price 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. Finally, Scotiabank lowered their price target on shares of 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$11.08.

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.