FY2025 Earnings Forecast for Cascades Inc. (TSE:CAS) Issued By National Bank Financial

Cascades Inc. (TSE:CAS) – Equities research analysts at National Bank Financial reduced their FY2025 earnings per share estimates for Cascades in a report issued on Thursday, August 8th. National Bank Financial analyst Z. Evershed now expects that the company will post earnings per share of $1.02 for the year, down from their previous estimate of $1.08. The consensus estimate for Cascades’ current full-year earnings is $0.71 per share.

Other research analysts also recently issued reports about the company. TD Securities reduced their price objective on Cascades from C$12.00 to C$11.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. Scotiabank cut their price target on Cascades from C$12.00 to C$11.00 and set a “sector perform” rating on the stock in a research note on Monday. CIBC lowered their price objective on shares of Cascades from C$11.00 to C$10.50 and set a “neutral” rating for the company in a research note on Monday. Finally, Royal Bank of Canada reduced their price target on shares of Cascades from C$11.00 to C$10.00 in a report on Thursday, July 11th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$11.08.

Cascades Trading Up 2.2 %

CAS stock opened at C$9.11 on Monday. The company has a debt-to-equity ratio of 115.94, a current ratio of 1.23 and a quick ratio of 0.86. The company has a market capitalization of C$917.47 million, a PE ratio of -43.38, a P/E/G ratio of 0.56 and a beta of 0.07. The firm’s 50-day moving average is C$9.27 and its 200 day moving average is C$10.22. Cascades has a 12 month low of C$8.83 and a 12 month high of C$15.00.

Cascades Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, September 5th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 5.27%. Cascades’s dividend payout ratio is presently -228.57%.

Insider Buying and Selling at Cascades

In other news, Senior Officer Robert F. Hall sold 34,631 shares of Cascades stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of C$9.36, for a total value of C$324,146.16. In other Cascades news, Director Mario Plourde sold 91,680 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of C$9.80, for a total value of C$898,464.00. Also, Senior Officer Robert F. Hall sold 34,631 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of C$9.36, for a total value of C$324,146.16. Over the last ninety days, insiders sold 221,300 shares of company stock valued at $2,134,240. 23.84% of the stock is currently owned by insiders.

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.