Scotiabank Weighs in on Cascades’ FY2027 Earnings (TSE:CAS)

Cascades Inc. (TSE:CAS) – Equities researchers at Scotiabank raised their FY2027 EPS estimates for Cascades in a research note issued on Thursday, October 22nd. Scotiabank analyst J. Goldman now forecasts that the company will post earnings of $1.50 per share for the year, up from their prior estimate of $1.34. The consensus estimate for Cascades’ current full-year earnings is $1.30 per share.

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

CAS has been the subject of several other reports. National Bank Financial lifted their price objective on Cascades from C$13.00 to C$17.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. Desjardins boosted their price target on Cascades from C$13.00 to C$19.00 and gave the company a “hold” rating in a research note on Monday, August 10th. TD increased their price target on Cascades from C$19.00 to C$20.00 and gave the stock a “buy” rating in a report on Wednesday, October 14th. Scotia raised 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 report on Friday, August 14th. Finally, Royal Bank Of Canada lifted their price objective on shares of Cascades from C$15.00 to C$18.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.38.

Cascades Trading Up 1.7%

TSE:CAS opened at C$17.15 on Friday. Cascades has a 52 week low of C$10.25 and a 52 week high of C$18.86. 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 firm’s fifty day moving average is C$17.34 and its 200-day moving average is C$13.72. The firm has a market cap of C$1.74 billion, a P/E ratio of 13.83, a P/E/G ratio of 0.56 and a beta of 1.03.

Cascades Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, September 3rd were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Thursday, August 20th. Cascades’s dividend payout ratio (DPR) is currently 38.71%.

Insider Transactions at Cascades

In other Cascades news, insider Jérôme Nadeau sold 5,234 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of C$17.30, for a total transaction of C$90,548.20. Following the transaction, the insider directly owned 21,997 shares in the company, valued at approximately C$380,548.10. This trade represents a 19.22% decrease in their position. Also, insider Allan Hogg sold 17,684 shares of the stock in a transaction dated 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 sale, 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 position. Insiders sold a total of 27,395 shares of company stock valued at $480,844 over the last three months. Corporate insiders own 23.78% of the company’s stock.

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.