Research Analysts Offer Predictions for Cascades Q3 Earnings

Cascades Inc. (TSE:CAS - Free Report) - Analysts at National Bank Financial raised their Q3 2024 earnings per share (EPS) estimates for shares of Cascades in a report released on Monday, October 21st. National Bank Financial analyst Z. Evershed now anticipates that the company will post earnings per share of $0.17 for the quarter, up from their previous forecast of $0.14. The consensus estimate for Cascades' current full-year earnings is $1.30 per share. National Bank Financial also issued estimates for Cascades' Q4 2024 earnings at $0.25 EPS, FY2024 earnings at $0.50 EPS and FY2025 earnings at $1.19 EPS.

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, beating analysts' consensus estimates of C$0.06 by C$0.02. Cascades had a negative net margin of 0.91% and a negative return on equity of 1.44%. The business had revenue of C$1.18 billion for the quarter, compared to the consensus estimate of C$1.17 billion.

CAS has been the subject of several other reports. Scotiabank cut their target price 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. Royal Bank of Canada reduced their price objective on Cascades from C$11.00 to C$10.00 in a research report on Thursday, July 11th. Finally, CIBC decreased their price objective on Cascades from C$11.00 to C$10.50 and set a "neutral" rating on the stock in a report on Monday, August 12th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of C$11.08.

Cascades Price Performance

Shares of TSE:CAS traded up C$0.12 during trading on Thursday, reaching C$10.77. The company had a trading volume of 69,155 shares, compared to its average volume of 226,660. The company has a fifty day moving average of C$9.80 and a two-hundred day moving average of C$9.55. 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 stock has a market capitalization of C$1.09 billion, a P/E ratio of -25.64, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15. Cascades has a 12 month low of C$8.83 and a 12 month high of C$15.00.

Insider Transactions at Cascades

In related news, Director Hugues Simon bought 11,000 shares of the company's stock in a transaction that occurred on Friday, August 9th. The stock was bought at an average cost of C$9.10 per share, for a total transaction of C$100,100.00. Company insiders own 23.78% of the company's stock.

Cascades Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, September 5th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.46%. Cascades's dividend payout ratio (DPR) 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.