What is Scotiabank's Estimate for Cascades FY2027 Earnings?

Key Points

• Scotiabank raised its FY2027 EPS estimate for Cascades to C$1.34 from C$1.19, above the current consensus estimate of C$1.30.
• Cascades reported quarterly EPS of C$0.24 on revenue of C$1.22 billion, with a 2.64% net margin and 7.24% return on equity.
• Analyst sentiment is broadly positive, with a “Moderate Buy” consensus rating and an average price target of C$16.50; the company also declared a quarterly dividend of C$0.12 per share.

Cascades Inc. (TSE:CAS - Free Report) - Research analysts at Scotiabank raised their FY2027 EPS estimates for shares of Cascades in a research report issued to clients and investors on Wednesday, August 19th. Scotiabank analyst J. Goldman now expects that the company will earn $1.34 per share for the year, up from their previous estimate of $1.19. The consensus estimate for Cascades' current full-year earnings is $1.30 per share.

Cascades (TSE:CAS - Get Free Report) last announced its quarterly earnings data 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 business had revenue of C$1.22 billion during the quarter.

CAS has been the subject of a number of other research reports. Royal Bank Of Canada boosted their price objective on Cascades from C$15.00 to C$18.00 and gave the company an "outperform" rating in a report on Monday, August 10th. Canadian Imperial Bank of Commerce upgraded Cascades from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 21st. Scotia lifted their target price on Cascades from C$16.00 to C$20.50 and gave the stock a "sector outperform" rating in a research report on Friday, August 14th. Desjardins boosted their target price on shares of Cascades from C$13.00 to C$19.00 and gave the company a "hold" rating in a research note on Monday, August 10th. Finally, TD upped their price target on shares of Cascades from C$13.00 to C$15.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$16.50.

Cascades Trading Down 1.6%

Shares of TSE CAS opened at C$17.25 on Friday. Cascades has a fifty-two week low of C$9.35 and a fifty-two week high of C$17.97. The company has a debt-to-equity ratio of 111.08, a quick ratio of 0.86 and a current ratio of 1.48. The company has a market cap of C$1.75 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 0.56 and a beta of 1.04. The business's 50 day moving average price is C$13.30 and its 200-day moving average price is C$12.15.

Insider Buying and Selling at Cascades

In other Cascades news, insider Allan Hogg sold 17,684 shares of Cascades stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of C$17.50, for a total transaction of C$309,470.00. Following the completion of the sale, the insider directly owned 112,056 shares of the company's stock, valued at C$1,960,980. The trade was a 13.63% decrease in their position. Also, insider Jérôme Nadeau sold 5,234 shares of the company's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of C$17.30, for a total value of C$90,548.20. Following the completion of the sale, the insider owned 21,997 shares of the company's stock, valued at C$380,548.10. This represents a 19.22% decrease in their ownership of the stock. Company insiders own 23.78% of the company's stock.

Cascades Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, September 3rd will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.8%. The ex-dividend date is Thursday, August 20th. Cascades's dividend payout ratio (DPR) is presently 38.71%.

About Cascades

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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