Cascades FY2024 EPS Lifted by National Bank Financial

Cascades Inc. (TSE:CAS - Free Report) - Investment analysts at National Bank Financial upped their FY2024 earnings per share estimates for shares of Cascades in a research report issued on Sunday, January 26th. National Bank Financial analyst Z. Evershed now expects that the company will post earnings per share of $0.58 for the year, up from their previous estimate 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.

Cascades (TSE:CAS - Get Free Report) last announced its quarterly 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 quarter in the prior year, the business earned $0.44 earnings per share.

Other analysts have also recently issued reports about the company. TD Securities raised their target price on Cascades from C$12.00 to C$14.00 and gave the company a "buy" rating in a research report on Friday, November 8th. CIBC raised their target price on Cascades from C$12.00 to C$13.00 in a research note on Wednesday, January 15th. Finally, Royal Bank of Canada raised their price objective 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 research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Cascades currently has a consensus rating of "Hold" and an average target price of C$12.50.

Cascades Stock Performance

TSE CAS traded up C$0.08 on Tuesday, hitting C$13.25. The stock had a trading volume of 286,757 shares, compared to its average volume of 216,192. The company's 50-day moving average is C$12.08 and its two-hundred day moving average is C$10.66. Cascades has a one year low of C$8.83 and a one year high of C$14.96. The stock has a market cap of C$1.34 billion, a price-to-earnings ratio of -31.55, a P/E/G 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, December 5th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.62%. The ex-dividend date was Thursday, November 21st. Cascades's dividend payout ratio is currently -114.29%.

Insider Buying and Selling at Cascades

In other Cascades news, Senior Officer Luc Langevin sold 3,000 shares of the firm's stock in a transaction dated 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 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.