Cascades Inc. (TSE:CAS - Get Free Report) announced a quarterly dividend on Thursday, November 21st,TickerTech Dividends reports. Stockholders of record on Thursday, December 5th will be given a dividend of 0.12 per share on Thursday, December 5th. This represents a $0.48 annualized dividend and a dividend yield of 4.36%. The ex-dividend date is Thursday, November 21st.
Cascades Price Performance
CAS stock traded down C$0.19 during midday trading on Friday, reaching C$11.00. The company had a trading volume of 174,376 shares, compared to its average volume of 222,937. The company has a market capitalization of C$1.11 billion, a price-to-earnings ratio of -26.00, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15. The company has a debt-to-equity ratio of 119.55, a current ratio of 1.23 and a quick ratio of 0.86. Cascades has a 1-year low of C$8.83 and a 1-year high of C$15.00. The stock has a 50 day moving average price of C$10.10 and a 200-day moving average price of C$9.64.
Cascades (TSE:CAS - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.08 earnings per share for the quarter, topping 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 net margin of 0.91% and a negative return on equity of 1.44%. Equities research analysts expect that Cascades will post 1.2959309 earnings per share for the current year.
Wall Street Analyst Weigh In
CAS has been the topic of several research analyst reports. Royal Bank of Canada raised their price objective on Cascades from C$11.00 to C$12.00 in a research note on Friday. TD Securities raised their price target on shares of Cascades from C$12.00 to C$14.00 and gave the company a "buy" rating in a research note on Friday. Scotiabank lowered 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 report on Monday, August 12th. Finally, CIBC cut their target price on shares of Cascades from C$11.00 to C$10.50 and set a "neutral" rating on the stock in a research report on Monday, August 12th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of C$11.92.
View Our Latest Stock Report on Cascades
Cascades Company Profile
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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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