Cascades Inc. (TSE:CAS - Free Report) - National Bank Financial boosted their FY2024 earnings per share (EPS) estimates for Cascades in a report issued on Thursday, November 7th. National Bank Financial analyst Z. Evershed now expects that the company will post earnings per share of $0.56 for the year, up from their prior estimate of $0.50. The consensus estimate for Cascades' current full-year earnings is $1.30 per share.
Several other analysts also recently weighed in on CAS. TD Securities lifted 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. Scotiabank dropped their target price on Cascades from C$12.00 to C$11.00 and set a "sector perform" rating on the stock in a report on Monday, August 12th. CIBC reduced their price objective on shares of Cascades from C$11.00 to C$10.50 and set a "neutral" rating for the company in a research report on Monday, August 12th. Finally, Royal Bank of Canada lifted their price target on Cascades from C$11.00 to C$12.00 in a research report on Friday. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of C$11.92.
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Cascades Trading Up 2.0 %
Shares of TSE CAS traded up C$0.22 during mid-day trading on Monday, reaching C$11.22. 86,002 shares of the company's stock were exchanged, compared to its average volume of 222,309. The firm has a market capitalization of C$1.13 billion, a price-to-earnings ratio of -26.19, a PEG ratio of 0.56 and a beta of 0.15. Cascades has a 52-week low of C$8.83 and a 52-week high of C$15.00. The company's 50-day moving average is C$10.14 and its 200-day moving average is C$9.65. The company has a debt-to-equity ratio of 119.55, a quick ratio of 0.86 and a current ratio of 1.23.
Cascades (TSE:CAS - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.08 EPS for the quarter, beating the consensus estimate of C$0.06 by C$0.02. The firm had revenue of C$1.18 billion for the quarter, compared to analyst estimates of C$1.17 billion. Cascades had a negative net margin of 0.91% and a negative return on equity of 1.44%.
Cascades Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date is Thursday, November 21st. Cascades's dividend payout ratio (DPR) is -114.29%.
About Cascades
(
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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.
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