Cascades Inc. (TSE:CAS – Free Report) – Investment analysts at National Bank Financial upped their Q4 2024 earnings estimates for Cascades in a research report issued to clients and investors on Sunday, January 26th. National Bank Financial analyst Z. Evershed now forecasts that the company will earn $0.23 per share for the quarter, up from their previous forecast 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.
Several other equities analysts have also recently weighed in on CAS. Scotiabank raised shares of Cascades from a “hold” rating to a “strong-buy” rating and raised their price target for the company from C$12.00 to C$15.50 in a research report on Monday. TD Securities lifted their target price on Cascades from C$12.00 to C$14.00 and gave the company a “buy” rating in a research report on Friday, November 8th. CIBC increased their price target on Cascades from C$12.00 to C$13.00 in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada lifted 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 report on Friday, December 20th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$13.25.
Cascades Stock Down 0.7 %
Cascades stock opened at C$12.91 on Wednesday. The firm has a market capitalization of C$1.30 billion, a price-to-earnings ratio of -30.74, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15. The firm’s fifty day moving average price is C$12.16 and its two-hundred day moving average price is C$10.70. Cascades has a 1-year low of C$8.83 and a 1-year high of C$14.96. The company has a current ratio of 1.23, a quick ratio of 0.86 and a debt-to-equity ratio of 119.55.
Cascades (TSE:CAS – Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported C$0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 previous year, the company posted $0.44 EPS.
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 value of C$33,900.00. Company insiders own 23.78% of the company’s stock.
Cascades Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, December 5th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend was Thursday, November 21st. Cascades’s dividend payout ratio is presently -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.
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