FY2024 EPS Estimates for Cascades Increased by Analyst

Cascades Inc. (TSE:CAS) – Analysts at National Bank Financial increased their FY2024 earnings estimates for Cascades in a research note issued 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 prior 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.

Other equities research analysts also recently issued research reports about the company. TD Securities raised their price target on Cascades from C$12.00 to C$14.00 and gave the company a “buy” rating in a report on Friday, November 8th. CIBC raised their target price on shares of 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 target on shares of 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. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$12.50.

Cascades Stock Performance

CAS opened at C$13.17 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 1.23 and a debt-to-equity ratio of 119.55. The stock has a market cap of C$1.33 billion, a price-to-earnings ratio of -31.36, a PEG ratio of 0.56 and a beta of 0.15. Cascades has a 12-month low of C$8.83 and a 12-month high of C$14.96. The business has a 50 day moving average of C$12.04 and a 200-day moving average of C$10.63.

Cascades (TSE:CAS) last issued its earnings results on Thursday, November 7th. The company reported C$0.27 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the company posted $0.44 earnings per share.

Cascades Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend was Thursday, November 21st. Cascades’s dividend payout ratio (DPR) is currently -114.29%.

Insider Transactions at Cascades

In related news, Senior Officer Luc Langevin sold 3,000 shares of the 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 transaction of C$33,900.00. 23.78% of the stock is currently owned by insiders.

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.