What is Scotiabank's Forecast for Cascades FY2026 Earnings?

Key Points

• Scotiabank raised its FY2026 EPS forecast for Cascades to C$1.00 from C$0.65, though it remains below the consensus estimate of C$1.30.
• Analyst sentiment is broadly positive: Cascades has a consensus “Moderate Buy” rating and an average price target of C$16.50, with recent target increases from several brokerages.
• Cascades reported quarterly EPS of C$0.24 on C$1.22 billion in revenue and declared a quarterly dividend of C$0.12 per share, representing an annualized yield of about 2.7%.

Cascades Inc. (TSE:CAS - Free Report) - Stock analysts at Scotiabank upped their FY2026 earnings per share estimates for shares of Cascades in a report issued on Wednesday, August 19th. Scotiabank analyst J. Goldman now expects that the company will earn $1.00 per share for the year, up from their previous forecast of $0.65. The consensus estimate for Cascades' current full-year earnings is $1.30 per share.

A number of other brokerages have also commented on CAS. Royal Bank Of Canada upped their target price on Cascades from C$15.00 to C$18.00 and gave the company an "outperform" rating in a research report on Monday, August 10th. Desjardins raised their price target on shares of Cascades from C$13.00 to C$19.00 and gave the stock a "hold" rating in a research report on Monday, August 10th. Canadian Imperial Bank of Commerce raised shares of Cascades from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 21st. National Bank Financial lifted their price objective on shares of Cascades from C$13.00 to C$17.00 and gave the company a "sector perform" rating in a research note on Monday, August 10th. Finally, Scotia increased their price objective on shares of Cascades from C$16.00 to C$20.50 and gave the stock a "sector outperform" rating in a research note on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Cascades currently has a consensus rating of "Moderate Buy" and a consensus target price of C$16.50.

Cascades Price Performance

Shares of CAS stock opened at C$17.52 on Monday. Cascades has a fifty-two week low of C$9.35 and a fifty-two week high of C$17.97. The firm has a market capitalization of C$1.78 billion, a PE ratio of 14.13, a P/E/G ratio of 0.56 and a beta of 1.04. 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 stock's 50-day simple moving average is C$13.43 and its 200-day simple moving average is C$12.18.

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

Cascades Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, September 3rd will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.48 dividend on an annualized basis and a yield of 2.7%. Cascades's payout ratio is presently 38.71%.

Insider Buying and Selling

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

More Cascades News

Here are the key news stories impacting Cascades this week:

• Positive Sentiment: Higher FY2027 earnings forecast: Scotiabank raised its earnings estimate for Cascades to C$1.34 per share from C$1.19, above the current consensus estimate of C$1.30. The increase suggests expectations for stronger profitability and is a positive catalyst for CAS.
• Positive Sentiment: Broadly favorable analyst outlook: Recent broker actions include Scotia raising its price target to C$20.50 and CIBC upgrading the stock to “strong buy.” Cascades has a consensus rating of “Moderate Buy,” although the average target of C$16.50 is below recent trading levels. This supports the stock’s rise but also signals that some upside may already be priced in.
• Positive Sentiment: Dividend supports shareholder returns: Cascades declared a quarterly dividend of C$0.12 per share, equivalent to C$0.48 annually and a yield of approximately 2.8%. The payout ratio of 38.71% suggests the dividend is reasonably covered by earnings.
• Neutral Sentiment: Other headlines are unrelated: Reports about a Cascades trainset and wildfire smoke east of the Cascades mountain range do not appear to concern Cascades Inc.’s operations or financial outlook.
• Negative Sentiment: Insider selling may weigh on sentiment: Director Allan Hogg sold 17,684 shares for approximately C$309,470, while insider Jérôme Nadeau sold 5,234 shares for about C$90,548. The transactions reduced their holdings by 13.63% and 19.22%, respectively, though both continue to own shares. Cascades insider selling report

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.

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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