Cascades (CADNF) Expected to Announce Earnings on Thursday

Cascades (OTCMKTS:CADNF) is expected to be releasing its results before the market opens on Thursday, February 26th. Analysts expect Cascades to post earnings of $0.2694 per share and revenue of $1.2016 billion for the quarter.

Cascades Price Performance

CADNF traded up $0.27 during trading hours on Friday, hitting $10.21. 26,197 shares of the company’s stock were exchanged, compared to its average volume of 26,022. Cascades has a 12-month low of $5.98 and a 12-month high of $10.22. The firm has a 50 day moving average of $9.44 and a 200 day moving average of $8.31.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. National Bank Financial reaffirmed a “sector perform” rating on shares of Cascades in a research report on Monday, November 10th. Scotiabank reaffirmed an “outperform” rating on shares of Cascades in a research report on Tuesday, January 27th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Cascades Company Profile

Cascades Inc is a Canadian leader in the production, conversion and marketing of packaging and tissue products composed mainly of recycled fibres. Headquartered in Kingsey Falls, Quebec, the company operates a network of manufacturing facilities across North America and Europe. Since its founding in 1964, Cascades has focused on sustainable solutions that meet the needs of consumer goods companies, retailers and foodservice businesses.

The company’s operations are organized into three primary segments: packaging specialties, tissue papers and recovery and recycling.