National Bank Financial Forecasts Cascades Q4 Earnings

Cascades Inc. (TSE:CAS - Free Report) - Analysts at National Bank Financial increased their Q4 2024 earnings per share estimates for shares of Cascades in a report released on Sunday, January 26th. National Bank Financial analyst Z. Evershed now anticipates that the company will earn $0.23 per share for the quarter, up from their previous 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 - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported C$0.27 earnings per share 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 firm posted $0.44 EPS.

CAS has been the subject of a number of other reports. TD Securities upped their price target on shares of Cascades from C$12.00 to C$14.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Scotiabank upgraded Cascades from a "hold" rating to a "strong-buy" rating in a research report on Monday. CIBC lifted their price target on Cascades from C$12.00 to C$13.00 in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada upped their price objective on Cascades from C$12.00 to C$13.00 and gave the company a "sector perform" rating in a report on Friday, December 20th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Cascades has a consensus rating of "Moderate Buy" and an average price target of C$12.50.

Cascades Price Performance

CAS traded down C$0.25 on Wednesday, reaching C$13.00. The company had a trading volume of 254,499 shares, compared to its average volume of 218,107. The company has a market capitalization of C$1.31 billion, a P/E ratio of -30.95, a PEG ratio of 0.56 and a beta of 0.15. The company has a current ratio of 1.23, a quick ratio of 0.86 and a debt-to-equity ratio of 119.55. The company has a fifty day moving average of C$12.12 and a 200-day moving average of C$10.69. Cascades has a one year low of C$8.83 and a one year high of C$14.96.

Cascades Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.69%. The ex-dividend date was Thursday, November 21st. Cascades's dividend payout ratio is presently -114.29%.

Insider Buying and Selling

In other news, Senior Officer Luc Langevin sold 3,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of C$11.30, for a total value of C$33,900.00. 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.