Cascades FY2024 EPS Increased by National Bank Financial

Cascades Inc. (TSE:CASFree Report) – Equities research analysts at National Bank Financial raised their FY2024 earnings per share (EPS) estimates for Cascades in a research note issued to investors on Sunday, January 26th. National Bank Financial analyst Z. Evershed now expects that the company will post earnings of $0.58 per share for the year, up from their previous forecast of $0.56. The consensus estimate for Cascades’ current full-year earnings is $1.30 per share. National Bank Financial also issued estimates for Cascades’ FY2026 earnings at $1.44 EPS.

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

Check Out Our Latest Report on Cascades

Cascades Stock Down 1.9 %

CAS opened at C$13.00 on Tuesday. Cascades has a fifty-two week low of C$8.83 and a fifty-two week high of C$14.96. The firm 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’s 50-day moving average is C$12.12 and its 200 day moving average is C$10.69. The company has a debt-to-equity ratio of 119.55, a current ratio of 1.23 and a quick ratio of 0.86.

Cascades (TSE:CASGet 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 return on equity of 1.44% and a negative net margin of 0.91%. During the same quarter in the previous year, the firm posted $0.44 EPS.

Cascades Announces Dividend

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

Insider Buying and Selling at Cascades

In other news, Senior Officer Luc Langevin sold 3,000 shares of Cascades stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of C$11.30, for a total value of C$33,900.00. Corporate insiders own 23.78% of the company’s stock.

About Cascades

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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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