National Bank Financial Estimates Cascades Q3 Earnings

Cascades Inc. (TSE:CAS) – Equities researchers at National Bank Financial boosted their Q3 2024 earnings estimates for shares of Cascades in a note issued to investors on Monday, October 21st. National Bank Financial analyst Z. Evershed now expects 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) last announced its quarterly 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 firm had revenue of C$1.18 billion for the quarter, compared to analyst estimates of C$1.17 billion.

CAS has been the topic of a number of other reports. Royal Bank of Canada lowered their price objective on shares of Cascades from C$11.00 to C$10.00 in a report on Thursday, July 11th. Scotiabank lowered their target price on shares of Cascades from C$12.00 to C$11.00 and set a “sector perform” rating on the stock in a report on Monday, August 12th. Finally, 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 report on Monday, August 12th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$11.08.

Cascades Stock Performance

Shares of CAS opened at C$10.67 on Thursday. 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 has a twelve month low of C$8.83 and a twelve month high of C$15.00. The firm’s 50 day moving average price is C$9.84 and its two-hundred day moving average price is C$9.56. The firm has a market cap of C$1.08 billion, a P/E ratio of -25.40, a PEG ratio of 0.56 and a beta of 0.15.

Insider Buying and Selling at Cascades

In related news, Director Hugues Simon acquired 11,000 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were purchased at an average cost of C$9.10 per share, for a total transaction of C$100,100.00. Corporate insiders own 23.78% of the company’s stock.

Cascades Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, September 5th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 annualized dividend and a dividend yield of 4.50%. Cascades’s dividend 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.