FY2025 Earnings Estimate for Cascades Issued By Desjardins

Cascades Inc. (TSE:CAS) – Equities research analysts at Desjardins cut their FY2025 EPS estimates for shares of Cascades in a research note issued to investors on Thursday, November 7th. Desjardins analyst F. Tremblay now forecasts that the company will earn $1.14 per share for the year, down from their prior estimate of $1.17. The consensus estimate for Cascades’ current full-year earnings is $1.30 per share.

Several other research firms have also commented on CAS. Scotiabank lowered their target price on Cascades from C$12.00 to C$11.00 and set a “sector perform” rating for the company in a report on Monday, August 12th. TD Securities increased their target price on Cascades from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Royal Bank of Canada boosted their price target on shares of Cascades from C$11.00 to C$12.00 in a report on Friday, November 8th. Finally, CIBC dropped their price objective on shares of Cascades from C$11.00 to C$10.50 and set a “neutral” rating on the stock in a report on Monday, August 12th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Cascades currently has an average rating of “Hold” and a consensus target price of C$11.92.

Cascades Price Performance

Shares of CAS opened at C$11.17 on Monday. The company has a current ratio of 1.23, a quick ratio of 0.86 and a debt-to-equity ratio of 119.55. Cascades has a 52 week low of C$8.83 and a 52 week high of C$15.00. The stock has a 50 day moving average of C$10.22 and a 200-day moving average of C$9.68. The firm has a market cap of C$1.13 billion, a price-to-earnings ratio of -26.60, a PEG ratio of 0.56 and a beta of 0.15.

Cascades Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.48 annualized dividend and a yield of 4.30%. Cascades’s payout ratio is -114.29%.

Insider Transactions at Cascades

In related news, Senior Officer Luc Langevin sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of C$11.30, for a total transaction of C$33,900.00. Company insiders own 23.78% of the company’s stock.

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.