FY2024 EPS Estimates for Cascades Inc. Decreased by Analyst (TSE:CAS)

Cascades Inc. (TSE:CAS - Free Report) - Equities research analysts at National Bank Financial reduced their FY2024 earnings per share (EPS) estimates for shares of Cascades in a report issued on Wednesday, April 10th. National Bank Financial analyst Z. Evershed now forecasts that the company will post earnings per share of $0.58 for the year, down from their prior forecast of $0.80. The consensus estimate for Cascades' current full-year earnings is $0.83 per share. National Bank Financial also issued estimates for Cascades' FY2025 earnings at $1.03 EPS.

Cascades (TSE:CAS - Get Free Report) last released its earnings results on Thursday, February 22nd. The company reported C$0.05 EPS for the quarter, missing analysts' consensus estimates of C$0.30 by C($0.25). The firm had revenue of C$1.14 billion during the quarter, compared to analysts' expectations of C$1.22 billion. Cascades had a negative net margin of 1.64% and a negative return on equity of 2.86%.

CAS has been the subject of a number of other research reports. CIBC lowered their price objective on Cascades from C$14.00 to C$12.00 in a research note on Thursday. TD Securities lowered their price objective on Cascades from C$16.00 to C$14.00 and set a "buy" rating for the company in a research note on Friday, February 23rd. National Bankshares lowered their price objective on Cascades from C$13.50 to C$11.00 in a research note on Thursday. Royal Bank of Canada lowered Cascades from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from C$15.00 to C$14.00 in a report on Friday, February 23rd. Finally, Desjardins reduced their target price on Cascades from C$14.50 to C$13.00 and set a "hold" rating for the company in a report on Thursday, March 28th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Cascades presently has an average rating of "Hold" and a consensus price target of C$12.80.

Cascades Stock Down 0.2 %

TSE:CAS traded down C$0.02 during trading hours on Monday, reaching C$9.32. 187,718 shares of the company traded hands, compared to its average volume of 276,510. The business's 50-day moving average price is C$10.99 and its two-hundred day moving average price is C$12.00. The stock has a market capitalization of C$938.62 million, a P/E ratio of -12.26, a P/E/G ratio of 0.56 and a beta of 0.06. Cascades has a 1 year low of C$9.31 and a 1 year high of C$15.00. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 108.76.

Cascades Increases Dividend

The company also recently disclosed a 1 dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, March 21st were issued a $0.48 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a dividend yield of 4.66%. This is a positive change from Cascades's previous 1 dividend of $0.12. Cascades's payout ratio is presently -63.16%.

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.