Brokers Set Expectations for Cascades Inc.’s Q1 2024 Earnings (TSE:CAS)
Cascades Inc. (TSE:CAS – Free Report) – Stock analysts at National Bank Financial issued their Q1 2024 earnings per share (EPS) estimates for shares of Cascades in a research note issued to investors on Thursday, February 22nd. National Bank Financial analyst Z. Evershed expects that the company will post earnings per share of $0.03 for the quarter. The consensus estimate for Cascades’ current full-year earnings is $1.41 per share. National Bank Financial also issued estimates for Cascades’ Q2 2024 earnings at $0.12 EPS, Q3 2024 earnings at $0.36 EPS, Q4 2024 earnings at $0.29 EPS and FY2025 earnings at $1.30 EPS.
CAS has been the topic of a number of other reports. Desjardins upped their target price on shares of Cascades from C$14.00 to C$15.50 and gave the company a “hold” rating in a research report on Tuesday, February 20th. National Bankshares cut their price objective on shares of Cascades from C$14.50 to C$13.50 and set a “sector perform” rating on the stock in a report on Friday. Royal Bank of Canada lowered shares of Cascades from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$15.00 to C$14.00 in a report on Friday. CIBC downgraded Cascades from an “outperform” rating to a “neutral” rating and cut their price target for the company from C$17.00 to C$14.00 in a research note on Friday. Finally, TD Securities decreased their price objective on Cascades from C$16.00 to C$14.00 and set a “buy” rating for the company in a research note on Friday. Four 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 presently has a consensus rating of “Hold” and an average target price of C$14.20.
View Our Latest Analysis on Cascades
Cascades Price Performance
Cascades stock opened at C$10.75 on Monday. The business’s 50-day simple moving average is C$13.69 and its 200 day simple moving average is C$12.67. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 108.70. The stock has a market cap of C$1.08 billion, a price-to-earnings ratio of -14.14, a P/E/G ratio of 0.56 and a beta of 0.07. Cascades has a 12-month low of C$10.25 and a 12-month high of C$15.00.
Cascades Increases Dividend
The company also recently announced a 1 dividend, which will be paid on Thursday, March 7th. Shareholders of record on Friday, January 1st will be issued a $0.48 dividend. The ex-dividend date is Thursday, March 21st. This is a positive change from Cascades’s previous 1 dividend of $0.12. Cascades’s dividend payout ratio (DPR) is -63.16%.
Cascades Company Profile
Cascades Inc produces, converts, and sells 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 comprising trays and accessories, produce baskets and boxes, clamshells, produce boxes, egg packaging solutions, pizza and insulated boxes, bulk bins, cup carriers, food grade films, and customized containers for the food sector; protective packaging, including die-cut boxes, handling and shipping solutions, protective materials, large format boxes, and shipping trays; e-commerce packaging solutions, which include e-commerce boxes, custom mailer boxes, custom printing, packaging optimization products, and cutter for multi-depth boxes, as well as the solution for faster packing and shipping tests; and various retail packaging products.
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