Equities Analysts Offer Predictions for Cascades Q4 Earnings

Cascades Inc. (TSE:CAS) – Equities researchers at National Bank Financial increased their Q4 2024 earnings estimates for Cascades in a note issued to investors on Sunday, January 26th. National Bank Financial analyst Z. Evershed now anticipates that the company will post earnings per share of $0.23 for the quarter, up from their prior estimate 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.

Cascades (TSE:CAS) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$0.27 EPS for the quarter, topping the consensus estimate 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 quarter last year, the company posted $0.44 EPS.

A number of other brokerages have also recently weighed in on CAS. CIBC boosted their price objective on Cascades from C$12.00 to C$13.00 in a research note on Wednesday, January 15th. Scotiabank upgraded shares of Cascades from a “hold” rating to a “strong-buy” rating in a research report on Monday. Royal Bank of Canada raised 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 research report on Friday, December 20th. Finally, TD Securities upped their target price on shares of Cascades from C$12.00 to C$14.00 and gave the company a “buy” rating in a report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$12.50.

Cascades Stock Down 1.9 %

Shares of TSE CAS opened at C$13.00 on Wednesday. The business has a 50-day moving average price of C$12.12 and a 200 day moving average price of C$10.69. The stock has a market cap of C$1.31 billion, a PE ratio of -30.95, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15. 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 has a 52-week low of C$8.83 and a 52-week high of C$14.96.

Cascades Announces Dividend

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

Insiders Place Their Bets

In other Cascades news, Senior Officer Luc Langevin sold 3,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were 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 insiders.

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.