Desjardins Weighs in on Cascades’ FY2025 Earnings (TSE:CAS)

Cascades Inc. (TSE:CAS) – Equities research analysts at Desjardins cut their FY2025 earnings per share estimates for Cascades in a research note issued on Thursday, November 7th. Desjardins analyst F. Tremblay now anticipates that the company will post earnings per share of $1.14 for the year, down from their previous forecast of $1.17. The consensus estimate for Cascades’ current full-year earnings is $1.30 per share.

Cascades (TSE:CAS) last issued its quarterly earnings data 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 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.

A number of other analysts have also recently weighed in on the stock. Scotiabank reduced their price objective on shares of Cascades from C$12.00 to C$11.00 and set a “sector perform” rating for the company in a research note on Monday, August 12th. Royal Bank of Canada boosted their target price on shares of Cascades from C$11.00 to C$12.00 in a research report on Friday. TD Securities upped their price target on shares of Cascades from C$12.00 to C$14.00 and gave the company a “buy” rating in a report on Friday. Finally, CIBC dropped their price objective on Cascades from C$11.00 to C$10.50 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$11.92.

Cascades Stock Down 1.7 %

Shares of Cascades stock opened at C$11.00 on Monday. Cascades has a 12-month low of C$8.83 and a 12-month high of C$15.00. The company has a quick ratio of 0.86, a current ratio of 1.23 and a debt-to-equity ratio of 119.55. The stock has a 50 day moving average price of C$10.14 and a two-hundred day moving average price of C$9.65. The stock has a market capitalization of C$1.11 billion, a P/E ratio of -26.19, a PEG ratio of 0.56 and a beta of 0.15.

Cascades Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.36%. 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.