FY2024 Earnings Estimate for Cascades Issued By Scotiabank

Cascades Inc. (TSE:CAS) – Scotiabank increased their FY2024 EPS estimates for shares of Cascades in a research note issued on Wednesday, January 8th. Scotiabank analyst J. Goldman now expects that the company will earn $0.64 per share for the year, up from their prior estimate of $0.48. The consensus estimate for Cascades’ current full-year earnings is $1.30 per share. Scotiabank also issued estimates for Cascades’ FY2025 earnings at $1.39 EPS.

A number of other research firms have also weighed in on CAS. TD Securities boosted their price objective on Cascades from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Royal Bank of Canada boosted their price target on shares of Cascades from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a research report on Friday, December 20th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Cascades presently has an average rating of “Hold” and an average price target of C$12.08.

Cascades Trading Up 0.4 %

Shares of Cascades stock opened at C$12.15 on Monday. 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 stock’s 50 day simple moving average is C$11.69 and its 200-day simple moving average is C$10.35. The stock has a market cap of C$1.23 billion, a P/E ratio of -28.93, a P/E/G ratio of 0.56 and a beta of 0.15. Cascades has a 1-year low of C$8.83 and a 1-year high of C$15.00.

Insider Transactions at Cascades

In other news, Senior Officer Luc Langevin sold 3,000 shares of the company’s 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 declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, December 5th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.95%. The ex-dividend date was Thursday, November 21st. Cascades’s dividend payout ratio (DPR) 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.