Cascades Inc. (TSE:CAS – Free Report) – Equities research analysts at Scotiabank raised their FY2024 earnings estimates for shares of Cascades in a report issued on Wednesday, January 8th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings per share of $0.64 for the year, up from their prior estimate of $0.48. The consensus estimate for Cascades’ current full-year earnings is $1.30 per share. Scotiabank also issued estimates for Cascades’ FY2025 earnings at $1.39 EPS.
Several other equities research analysts also recently issued reports on the company. TD Securities boosted their price objective on Cascades from C$12.00 to C$14.00 and gave the company a “buy” rating in a report on Friday, November 8th. Royal Bank of Canada boosted their price target on shares of Cascades from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a research note on Friday, December 20th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$12.08.
Cascades Stock Down 1.3 %
Shares of TSE CAS opened at C$11.99 on Monday. Cascades has a 52-week low of C$8.83 and a 52-week high of C$15.00. The business’s 50 day moving average is C$11.69 and its two-hundred day moving average is C$10.36. The firm has a market cap of C$1.21 billion, a price-to-earnings ratio of -28.55, a PEG ratio of 0.56 and a beta of 0.15. The company has a quick ratio of 0.86, a current ratio of 1.23 and a debt-to-equity ratio of 119.55.
Insiders Place Their Bets
In other Cascades news, Senior Officer Luc Langevin sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of C$11.30, for a total transaction of C$33,900.00. 23.78% of the stock is owned by company insiders.
Cascades Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, December 5th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.48 annualized dividend and a yield of 4.00%. Cascades’s payout ratio is -114.29%.
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.
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