FY2025 Earnings Forecast for Cascades Issued By Desjardins

Cascades Inc. (TSE:CAS - Free Report) - Equities researchers at Desjardins decreased their FY2025 earnings per share (EPS) estimates for Cascades in a note issued to investors on Thursday, November 7th. Desjardins analyst F. Tremblay now forecasts that the company will earn $1.14 per share for the year, down from their prior estimate of $1.17. The consensus estimate for Cascades' current full-year earnings is $1.30 per share.

Cascades (TSE:CAS - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported C$0.08 earnings per share for the quarter, topping the consensus estimate of C$0.06 by C$0.02. The business 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%.

A number of other brokerages also recently commented on CAS. Royal Bank of Canada upped their price objective on shares of Cascades from C$11.00 to C$12.00 in a research report on Friday. CIBC lowered 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. Scotiabank dropped their price target on 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, 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 report on Friday. Five equities research 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 a consensus rating of "Hold" and an average target price of C$11.92.

Cascades Stock Performance

Cascades stock traded up C$0.25 during mid-day trading on Monday, reaching C$11.25. 119,445 shares of the company were exchanged, compared to its average volume of 222,462. The firm has a market cap of C$1.14 billion, a PE ratio of -26.19, 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 quick ratio of 0.86 and a current ratio of 1.23. The firm's 50-day simple moving average is C$10.14 and its two-hundred day simple moving average is C$9.65. Cascades has a twelve month low of C$8.83 and a twelve month high of C$15.00.

Cascades Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend is Thursday, November 21st. Cascades's payout ratio is currently -114.29%.

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.