Scotiabank Comments on Cascades’ FY2027 Earnings (TSE:CAS)

Cascades Inc. (TSE:CAS) – Investment analysts at Scotiabank issued their FY2027 earnings per share (EPS) estimates for shares of Cascades in a research note issued to investors on Friday, April 17th. Scotiabank analyst J. Goldman expects that the company will post earnings per share of $1.44 for the year. Scotiabank currently has a “Outperform” rating and a $14.50 price target on the stock. The consensus estimate for Cascades’ current full-year earnings is $1.30 per share.

CAS has been the subject of a number of other reports. TD Securities cut their price objective on Cascades from C$16.00 to C$15.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Desjardins lowered their target price on Cascades from C$15.00 to C$13.00 and set a “hold” rating for the company in a report on Monday, April 13th. National Bank Financial lowered their target price on Cascades from C$15.00 to C$14.00 and set a “sector perform” rating for the company in a report on Monday, April 13th. TD lowered their target price on Cascades from C$15.00 to C$14.00 and set a “buy” rating for the company in a report on Thursday, April 16th. Finally, Royal Bank Of Canada lowered their target price on Cascades from C$16.00 to C$15.00 and set an “outperform” rating for the company in a report on Thursday, April 16th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Cascades has an average rating of “Moderate Buy” and a consensus price target of C$14.07.

Cascades Stock Up 0.6%

Shares of TSE:CAS opened at C$10.93 on Tuesday. The business has a 50-day moving average price of C$11.95 and a 200 day moving average price of C$12.05. The company has a current ratio of 1.43, a quick ratio of 0.86 and a debt-to-equity ratio of 112.96. The company has a market capitalization of C$1.11 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 0.56 and a beta of 0.99. Cascades has a 12-month low of C$8.30 and a 12-month high of C$14.20.

Cascades (TSE:CAS) last issued its quarterly earnings data on Thursday, February 26th. The company reported C$0.40 earnings per share (EPS) for the quarter. The firm had revenue of C$1.20 billion during the quarter. Cascades had a return on equity of 4.11% and a net margin of 1.47%.

Cascades Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 26th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Thursday, March 12th. Cascades’s dividend payout ratio (DPR) is 69.57%.

About Cascades

Cascades Inc, along with its subsidiaries, produces, converts and markets packaging and tissue products composed mainly of recycled fibres. The company is organized into four main business segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes packaging products), and Tissue Papers. The business activity of the company functions in Canada, the United States, Italy, and other countries. Its customer base includes food processing companies, the maintenance industry, accommodations, and housing industry, micro-businesses, and boutiques.