National Bank Financial Forecasts Cascades FY2024 Earnings

Cascades Inc. (TSE:CAS) – Research analysts at National Bank Financial increased their FY2024 earnings per share (EPS) estimates for Cascades in a report issued on Sunday, January 26th. National Bank Financial analyst Z. Evershed now anticipates that the company will post earnings of $0.58 per share for the year, up from their prior forecast of $0.56. The consensus estimate for Cascades’ current full-year earnings is $1.30 per share. National Bank Financial also issued estimates for Cascades’ FY2026 earnings at $1.44 EPS.

Cascades (TSE:CAS) last issued its quarterly earnings data on Thursday, November 7th. The company reported C$0.27 EPS for the quarter, topping analysts’ consensus estimates of C$0.14 by C$0.13. Cascades had a negative return on equity of 1.44% and a negative net margin of 0.91%. During the same quarter in the prior year, the company posted $0.44 earnings per share.

Several other brokerages also recently issued reports on CAS. CIBC boosted their price objective on Cascades from C$12.00 to C$13.00 in a research report on Wednesday, January 15th. TD Securities boosted their price target on Cascades from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Royal Bank of Canada lifted their price objective on shares of Cascades from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a research note on Friday, December 20th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Cascades has an average rating of “Hold” and a consensus price target of C$12.50.

Cascades Trading Up 0.6 %

Shares of TSE:CAS opened at C$13.25 on Tuesday. 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 company’s 50-day moving average price is C$12.08 and its 200 day moving average price is C$10.66. The company has a market cap of C$1.34 billion, a PE ratio of -31.55, a P/E/G 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$14.96.

Cascades Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, December 5th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date was Thursday, November 21st. Cascades’s payout ratio is currently -114.29%.

Insider Buying and Selling

In other Cascades news, Senior Officer Luc Langevin sold 3,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of C$11.30, for a total transaction of C$33,900.00. 23.78% of the stock is currently owned by insiders.

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.