FY2024 EPS Estimates for Cascades Raised by Analyst

Cascades Inc. (TSE:CAS) – Research analysts at National Bank Financial increased their FY2024 earnings estimates for shares of Cascades in a report released on Sunday, January 26th. National Bank Financial analyst Z. Evershed now anticipates that the company will post earnings per share of $0.58 for the year, up from their previous forecast of $0.56. The consensus estimate for Cascades’ current full-year earnings is $1.30 per share. National Bank Financial also issued estimates for Cascades’ FY2026 earnings at $1.44 EPS.

CAS has been the subject of several other reports. TD Securities upped their price target on shares of Cascades from C$12.00 to C$14.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Scotiabank raised Cascades from a “hold” rating to a “strong-buy” rating in a report on Monday. CIBC lifted their price target on Cascades from C$12.00 to C$13.00 in a research note on Wednesday, January 15th. Finally, Royal Bank of Canada upped their price objective on Cascades from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a research note on Friday, December 20th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$12.50.

Cascades Price Performance

Shares of TSE:CAS opened at C$13.00 on Tuesday. Cascades has a one year low of C$8.83 and a one year high of C$14.96. The company has a debt-to-equity ratio of 119.55, a current ratio of 1.23 and a quick ratio of 0.86. The company has a market cap of C$1.31 billion, a price-to-earnings ratio of -30.95, a PEG ratio of 0.56 and a beta of 0.15. The firm has a 50 day simple moving average of C$12.12 and a 200 day simple moving average of C$10.69.

Cascades (TSE:CAS) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.13. Cascades had a negative net margin of 0.91% and a negative return on equity of 1.44%. During the same period in the previous year, the business earned $0.44 EPS.

Insider Activity at Cascades

In related news, Senior Officer Luc Langevin sold 3,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of C$11.30, for a total transaction of C$33,900.00. 23.78% of the stock is currently owned by company insiders.

Cascades Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, December 5th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date was Thursday, November 21st. Cascades’s dividend payout ratio is currently -114.29%.

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.