Cascades (TSE:CAS - Get Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of C$0.13 per share for the quarter.
Cascades (TSE:CAS - Get Free Report) last announced its quarterly earnings data 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. Cascades had a negative return on equity of 1.44% and a negative net margin of 0.91%. The business had revenue of C$1.18 billion for the quarter, compared to the consensus estimate of C$1.17 billion.
Cascades Price Performance
Shares of Cascades stock traded down C$0.19 during trading hours on Thursday, hitting C$10.49. The company's stock had a trading volume of 102,905 shares, compared to its average volume of 223,975. The business has a 50 day moving average price of C$9.92 and a two-hundred day moving average price of C$9.58. Cascades has a 12-month low of C$8.83 and a 12-month high of C$15.00. The company has a market cap of C$1.06 billion, a PE ratio of -25.17, a PEG 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.
Cascades Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, September 5th were given a $0.12 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.48 annualized dividend and a dividend yield of 4.58%. Cascades's payout ratio is -114.29%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on CAS shares. Scotiabank lowered their price objective on Cascades from C$12.00 to C$11.00 and set a "sector perform" rating on the stock in a research report on Monday, August 12th. CIBC lowered their price objective on 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. Finally, Royal Bank of Canada reduced their target price on Cascades from C$11.00 to C$10.00 in a report on Thursday, July 11th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of C$11.08.
View Our Latest Analysis on Cascades
Insiders Place Their Bets
In related news, Director Hugues Simon acquired 11,000 shares of Cascades stock in a transaction on Friday, August 9th. The shares were bought at an average cost of C$9.10 per share, with a total value of C$100,100.00. 23.78% of the stock is currently owned by insiders.
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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