What is Scotiabank’s Estimate for Cascades FY2024 Earnings?

Cascades Inc. (TSE:CAS) – Research analysts at Scotiabank boosted their FY2024 earnings estimates for shares of Cascades in a note issued to investors on Wednesday, January 8th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings of $0.64 per share for the year, up from their previous estimate of $0.48. The consensus estimate for Cascades’ current full-year earnings is $1.30 per share. Scotiabank also issued estimates for Cascades’ FY2025 earnings at $1.39 EPS.

A number of other research analysts also recently commented on CAS. TD Securities increased their price objective on Cascades from C$12.00 to C$14.00 and gave the company a “buy” rating in a report on Friday, November 8th. Royal Bank of Canada upped their price target on Cascades from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a report on Friday, December 20th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$12.08.

Cascades Stock Performance

TSE:CAS opened at C$12.15 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 debt-to-equity ratio of 119.55, a current ratio of 1.23 and a quick ratio of 0.86. The firm has a market capitalization of C$1.23 billion, a PE ratio of -28.93, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15. The business’s fifty day moving average price is C$11.69 and its 200 day moving average price is C$10.35.

Cascades Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, December 5th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.95%. Cascades’s dividend payout ratio (DPR) is presently -114.29%.

Insider Activity at Cascades

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

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.