Cascades (CADNF) to Announce Earnings on Thursday

Cascades (OTCMKTS:CADNF) is expected to issue its results before the market opens on Thursday, August 6th. Analysts expect the company to post earnings of $0.0551 per share and revenue of $842.6740 million for the quarter.

Cascades Stock Performance

Shares of Cascades stock opened at $10.06 on Wednesday. Cascades has a 52-week low of $6.54 and a 52-week high of $10.22. The company’s 50 day moving average price is $8.35 and its 200-day moving average price is $8.53.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CADNF. Scotiabank reissued an “outperform” rating on shares of Cascades in a research report on Friday, July 24th. TD Securities reaffirmed a “buy” rating on shares of Cascades in a research note on Tuesday. Finally, Canadian Imperial Bank of Commerce upgraded shares of Cascades from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 21st. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

About Cascades

Cascades Inc is a Canadian leader in the production, conversion and marketing of packaging and tissue products composed mainly of recycled fibres. Headquartered in Kingsey Falls, Quebec, the company operates a network of manufacturing facilities across North America and Europe. Since its founding in 1964, Cascades has focused on sustainable solutions that meet the needs of consumer goods companies, retailers and foodservice businesses.

The company’s operations are organized into three primary segments: packaging specialties, tissue papers and recovery and recycling.