Scotiabank Has Negative Opinion of Cascades FY2026 Earnings

Key Points

• Scotiabank lowered its FY2026 EPS estimate for Cascades to C$0.86 from C$1.00, well below the broader consensus estimate of C$1.30.
• Despite the cut, analysts maintain a generally positive view: Cascades has an overall “Moderate Buy” rating and a consensus price target of C$18.38.
• Cascades shares opened at C$17.05, while insiders have sold 27,395 shares worth approximately C$480,844 over the past 90 days. The company also pays a quarterly dividend of C$0.12, representing a 2.8% yield.

Cascades Inc. (TSE:CAS - Free Report) - Equities research analysts at Scotiabank cut their FY2026 earnings per share (EPS) estimates for Cascades in a research report issued to clients and investors on Thursday, October 22nd. Scotiabank analyst J. Goldman now forecasts that the company will earn $0.86 per share for the year, down from their prior estimate of $1.00. The consensus estimate for Cascades' current full-year earnings is $1.30 per share.

CAS has been the topic of a number of other research reports. Canadian Imperial Bank of Commerce raised their price target on shares of Cascades from C$17.50 to C$23.00 in a report on Wednesday, September 30th. Desjardins boosted their price objective on shares of Cascades from C$13.00 to C$19.00 and gave the company a "hold" rating in a research report on Monday, August 10th. Royal Bank Of Canada upped their price objective on shares of Cascades from C$15.00 to C$18.00 and gave the company an "outperform" rating in a research note on Monday, August 10th. TD upped their price objective on shares of Cascades from C$19.00 to C$20.00 and gave the company a "buy" rating in a research note on Wednesday, October 14th. Finally, National Bank Financial increased their target price on shares of Cascades from C$13.00 to C$17.00 and gave the stock a "sector perform" rating in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$18.38.

Cascades Trading Down 0.6%

TSE:CAS opened at C$17.05 on Monday. The company has a fifty day moving average of C$17.32 and a 200 day moving average of C$13.76. Cascades has a 52 week low of C$10.25 and a 52 week high of C$18.86. The company has a quick ratio of 0.86, a current ratio of 1.48 and a debt-to-equity ratio of 111.08. The firm has a market capitalization of C$1.73 billion, a P/E ratio of 13.75, a P/E/G ratio of 0.56 and a beta of 1.03.

Cascades (TSE:CAS - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported C$0.24 earnings per share (EPS) for the quarter. Cascades had a net margin of 2.64% and a return on equity of 7.24%. The firm had revenue of C$1.22 billion for the quarter.

Insider Transactions at Cascades

In other news, insider Jérôme Nadeau sold 5,234 shares of Cascades stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of C$17.30, for a total transaction of C$90,548.20. Following the sale, the insider owned 21,997 shares of the company's stock, valued at approximately C$380,548.10. The trade was a 19.22% decrease in their position. Also, insider Emmanuelle Migneault sold 3,298 shares of the business's stock in a transaction dated Monday, September 28th. The shares were sold at an average price of C$18.23, for a total transaction of C$60,122.54. Following the transaction, the insider owned 10,203 shares in the company, valued at C$186,000.69. This represents a 24.43% decrease in their position. In the last ninety days, insiders sold 27,395 shares of company stock valued at $480,844. Company insiders own 23.78% of the company's stock.

Cascades Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, September 3rd were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, August 20th. Cascades's dividend payout ratio (DPR) is currently 38.71%.

Cascades Company Profile

Founded in 1964, Cascades offers sustainable, innovative and value-added solutions for packaging, hygiene and recovery needs. The company employs approximately 9,000 talented people across a network of 60 production units in North America. With its participative management, half a century of experience in recycling, and ongoing efforts in research and development as driving forces, Cascades continues to deliver the innovative products that customers have come to rely on, while contributing to the well-being of people, communities and the entire planet.

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