National Bank Financial Forecasts Cascades Q4 Earnings

Cascades Inc. (TSE:CAS) – Investment analysts at National Bank Financial lifted their Q4 2024 earnings per share (EPS) estimates for Cascades in a research report issued on Sunday, January 26th. National Bank Financial analyst Z. Evershed now anticipates that the company will post earnings per share of $0.23 for the quarter, up from their prior forecast of $0.21. The consensus estimate for Cascades’ current full-year earnings is $1.30 per share. National Bank Financial also issued estimates for Cascades’ FY2025 earnings at $1.35 EPS.

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

Several other brokerages also recently weighed in on CAS. CIBC boosted their price target on Cascades from C$12.00 to C$13.00 in a report on Wednesday, January 15th. 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 note on Friday, November 8th. Scotiabank upgraded Cascades from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, Royal Bank of Canada lifted 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. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$12.50.

Cascades Stock Performance

TSE:CAS opened at C$13.00 on Wednesday. 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 cap of C$1.31 billion, a PE ratio of -30.95, a P/E/G ratio of 0.56 and a beta of 0.15. The firm has a 50 day simple moving average of C$12.12 and a 200-day simple moving average of C$10.69. Cascades has a 1-year low of C$8.83 and a 1-year high of C$14.96.

Insider Buying and Selling at Cascades

In other Cascades news, Senior Officer Luc Langevin sold 3,000 shares of the business’s stock in a transaction that occurred 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. 23.78% of the stock is owned by company insiders.

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 $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date was Thursday, November 21st. Cascades’s 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.