Cascades FY2024 EPS Increased by National Bank Financial

Cascades Inc. (TSE:CAS) – Research analysts at National Bank Financial raised their FY2024 EPS estimates for Cascades in a report released on Thursday, November 7th. National Bank Financial analyst Z. Evershed now expects that the company will post earnings per share of $0.56 for the year, up from their previous forecast of $0.50. The consensus estimate for Cascades’ current full-year earnings is $1.30 per share.

CAS has been the subject of several other research reports. Royal Bank of Canada upped their target price on shares of Cascades from C$11.00 to C$12.00 in a report on Friday. TD Securities upped their target price on Cascades from C$12.00 to C$14.00 and gave the company a “buy” rating in a research report on Friday. CIBC decreased their price objective on Cascades from C$11.00 to C$10.50 and set a “neutral” rating for the company in a report on Monday, August 12th. Finally, Scotiabank cut 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. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$11.92.

Cascades Price Performance

CAS stock opened at C$11.25 on Monday. The business has a 50 day moving average price of C$10.18 and a 200 day moving average price of C$9.67. 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 market cap of C$1.14 billion, a price-to-earnings ratio of -26.79, a PEG 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.

Cascades Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, December 5th will be given a $0.12 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.48 annualized dividend and a dividend yield of 4.27%. Cascades’s dividend payout ratio is currently -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.