Q2 2024 EPS Estimates for Cascades Inc. Decreased by Analyst (TSE:CAS)

Cascades Inc. (TSE:CAS) – Research analysts at Desjardins decreased their Q2 2024 earnings per share (EPS) estimates for Cascades in a research report issued on Wednesday, March 27th. Desjardins analyst F. Tremblay now forecasts that the company will post earnings per share of $0.12 for the quarter, down from their previous forecast of $0.17. Desjardins currently has a “Hold” rating and a $13.00 price target on the stock. The consensus estimate for Cascades’ current full-year earnings is $0.82 per share. Desjardins also issued estimates for Cascades’ Q3 2024 earnings at $0.22 EPS, Q4 2024 earnings at $0.26 EPS and FY2025 earnings at $1.19 EPS.

A number of other brokerages have also weighed in on CAS. TD Securities decreased their target price on shares of 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. CIBC downgraded shares of Cascades from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from C$17.00 to C$14.00 in a report on Friday, February 23rd. Royal Bank of Canada downgraded shares of Cascades from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$15.00 to C$14.00 in a report on Friday, February 23rd. Finally, National Bankshares dropped their price objective on shares of Cascades from C$14.50 to C$13.50 and set a “sector perform” rating for the company in a report on Friday, February 23rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$13.70.

Cascades Price Performance

Shares of TSE CAS opened at C$9.89 on Friday. Cascades has a twelve month low of C$9.36 and a twelve month high of C$15.00. The firm has a market cap of C$996.02 million, a P/E ratio of -13.01, a PEG ratio of 0.56 and a beta of 0.06. The company has a 50 day moving average of C$12.22 and a 200 day moving average of C$12.23. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 108.76.

Cascades (TSE:CAS) last posted its quarterly earnings data on Thursday, February 22nd. The company reported C$0.05 earnings per share for the quarter, missing the consensus estimate of C$0.30 by C($0.25). Cascades had a negative net margin of 1.64% and a negative return on equity of 2.86%. The firm had revenue of C$1.14 billion for the quarter, compared to the consensus estimate of C$1.22 billion.

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 given a $0.48 dividend. This is a positive change from Cascades’s previous 1 dividend of $0.12. This represents a yield of 4.66%. The ex-dividend date was Thursday, March 21st. Cascades’s dividend payout ratio is -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.