Cascades (CAS) Scheduled to Post Quarterly Earnings on Thursday

Cascades (TSE:CAS) will post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Cascades to post earnings of C$0.13 per share for the quarter.

Cascades (TSE:CAS) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.08 earnings per share 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 firm had revenue of C$1.18 billion for the quarter, compared to analyst estimates of C$1.17 billion.

Cascades Trading Down 0.9 %

TSE:CAS opened at C$10.63 on Tuesday. The stock has a market cap of C$1.07 billion, a PE ratio of -25.31, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15. Cascades has a fifty-two week low of C$8.83 and a fifty-two week high of C$15.00. The company has a debt-to-equity ratio of 119.55, a current ratio of 1.23 and a quick ratio of 0.86. The stock’s 50-day moving average is C$10.01 and its two-hundred day moving average is C$9.61.

Cascades Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, September 5th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.48 dividend on an annualized basis and a yield of 4.52%. Cascades’s dividend payout ratio (DPR) is currently -114.29%.

Insider Transactions at Cascades

In other Cascades news, Director Hugues Simon bought 11,000 shares of the stock in a transaction dated 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. 23.78% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on CAS. Royal Bank of Canada decreased their target price on shares of Cascades from C$11.00 to C$10.00 in a research 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 research report on Monday, August 12th. Finally, CIBC cut their target price 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 research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$11.08.

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.