National Bank Financial Cuts Earnings Estimates for Cascades

Key Points

• National Bank Financial has reduced its FY2026 earnings per share estimate for Cascades Inc. from $1.72 to $1.64, while the current full-year consensus estimate is $1.30.
• Several brokerages have adjusted their price targets for Cascades, with CIBC lowering its target from C$13.00 to C$10.00, and Royal Bank of Canada raising its target from C$10.00 to C$11.00.
• Cascades announced a quarterly dividend of $0.12 per share to be paid on September 4th, resulting in an annualized dividend yield of 4.8%.

Cascades Inc. (TSE:CAS - Free Report) - Analysts at National Bank Financial cut their FY2026 earnings per share estimates for shares of Cascades in a note issued to investors on Sunday, August 10th. National Bank Financial analyst Z. Evershed now forecasts that the company will post earnings of $1.64 per share for the year, down from their previous estimate of $1.72. The consensus estimate for Cascades' current full-year earnings is $1.30 per share.

Several other brokerages have also recently issued reports on CAS. CIBC lowered their price objective on shares of Cascades from C$13.00 to C$10.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Royal Bank Of Canada upped their price objective on shares of Cascades from C$10.00 to C$11.00 and gave the company a "sector perform" rating in a research report on Friday, August 8th. National Bankshares decreased their price objective on shares of Cascades from C$14.00 to C$11.00 and set a "sector perform" rating for the company in a research report on Thursday, April 24th. TD Securities upped their price objective on shares of Cascades from C$9.50 to C$10.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Finally, Desjardins cut their target price on shares of Cascades from C$11.00 to C$10.50 and set a "hold" rating on the stock in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of C$11.33.

Cascades Trading Down 0.1%

Shares of CAS opened at C$9.92 on Wednesday. Cascades has a fifty-two week low of C$8.30 and a fifty-two week high of C$13.42. The stock has a fifty day moving average of C$9.20 and a two-hundred day moving average of C$9.84. The company has a market capitalization of C$1.00 billion, a PE ratio of -13.38, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15. The company has a debt-to-equity ratio of 121.37, a quick ratio of 0.86 and a current ratio of 1.22.

Cascades Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, September 4th will be issued a $0.12 dividend. The ex-dividend date is Thursday, August 21st. This represents a $0.48 annualized dividend and a dividend yield of 4.8%. Cascades's dividend payout ratio (DPR) is -64.73%.

Insiders Place Their Bets

In related news, Senior Officer Maryse Fernet sold 10,054 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of C$9.35, for a total transaction of C$94,004.90. Also, Director Nelson Gentiletti bought 6,000 shares of Cascades stock in a transaction that occurred on Thursday, May 15th. The shares were acquired at an average price of C$8.69 per share, with a total value of C$52,140.00. Over the last ninety days, insiders sold 119,911 shares of company stock valued at $1,068,804. 23.78% of the stock is currently owned by insiders.

About Cascades

Cascades Inc, along with its subsidiaries, produces, converts and markets packaging and tissue products composed mainly of recycled fibres. The company is organized into four main business segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes packaging products), and Tissue Papers.

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