Scotiabank Has Negative Opinion of Cascades FY2026 Earnings

Cascades Inc. (TSE:CAS) – Research analysts at Scotiabank lowered their FY2026 earnings estimates for shares of Cascades in a research report issued to clients and investors on Thursday, October 22nd. Scotiabank analyst J. Goldman now expects that the company will earn $0.86 per share for the year, down from their previous forecast of $1.00. The consensus estimate for Cascades’ current full-year earnings is $1.30 per share.

Several other equities analysts have also weighed in on the company. National Bank Financial raised their target price on Cascades from C$13.00 to C$17.00 and gave the company a “sector perform” rating in a report on Monday, August 10th. Desjardins boosted their price target on 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 upped their price target on Cascades from C$17.50 to C$23.00 in a research note on Wednesday, September 30th. Scotia increased their price objective on Cascades from C$16.00 to C$20.50 and gave the company a “sector outperform” rating in a report on Friday, August 14th. Finally, TD raised their price objective on Cascades from C$19.00 to C$20.00 and gave the company a “buy” rating in a research note on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$18.38.

Cascades Trading Up 0.5%

Shares of TSE:CAS opened at C$17.16 on Monday. The stock has a market capitalization of C$1.74 billion, a PE ratio of 13.84, a P/E/G ratio of 0.56 and a beta of 1.03. Cascades has a 1 year low of C$10.25 and a 1 year high of C$18.86. The firm has a fifty day moving average price of C$17.32 and a 200 day moving average price of C$13.46. The company has a current ratio of 1.48, a quick ratio of 0.86 and a debt-to-equity ratio of 111.08.

Cascades (TSE:CAS) last released its quarterly earnings results on Thursday, August 6th. The company reported C$0.24 earnings per share 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 for the quarter.

Insider Activity at Cascades

In related news, insider Allan Hogg sold 17,684 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of C$17.50, for a total value of C$309,470.00. Following the transaction, the insider directly owned 112,056 shares in the company, valued at approximately C$1,960,980. This trade represents a 13.63% decrease in their position. Also, insider Emmanuelle Migneault sold 3,298 shares of Cascades stock in a transaction on Monday, September 28th. The stock was sold at an average price of C$18.23, for a total transaction of C$60,122.54. Following the completion of the transaction, the insider owned 10,203 shares in the company, valued at C$186,000.69. This trade represents a 24.43% decrease in their position. In the last three months, insiders have sold 27,395 shares of company stock worth $480,844. 23.78% of the stock is owned by insiders.

Cascades Announces Dividend

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

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.