Analysts Set Expectations for Cascades Q3 Earnings

Cascades Inc. (TSE:CAS) – National Bank Financial raised their Q3 2024 EPS estimates for Cascades in a report issued on Monday, October 21st. National Bank Financial analyst Z. Evershed now expects that the company will post earnings per share of $0.17 for the quarter, up from their prior 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.

CAS has been the subject of a number of other reports. Scotiabank reduced their price objective on shares of Cascades from C$12.00 to C$11.00 and set a “sector perform” rating for the company in a research note on Monday, August 12th. Royal Bank of Canada dropped their price objective on Cascades from C$11.00 to C$10.00 in a report on Thursday, July 11th. Finally, CIBC cut their target price on Cascades from C$11.00 to C$10.50 and set a “neutral” rating for the company in a research note 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$11.08.

Cascades Stock Performance

Shares of CAS opened at C$10.77 on Thursday. Cascades has a 1 year low of C$8.83 and a 1 year high of C$15.00. 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 fifty day moving average price is C$9.80 and its two-hundred day moving average price is C$9.55. The firm has a market cap of C$1.09 billion, a PE ratio of -25.64, a PEG ratio of 0.56 and a beta of 0.15.

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

Insiders Place Their Bets

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

Cascades Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, September 5th were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a yield of 4.46%. 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.