What is Scotiabank’s Forecast for Cascades FY2027 Earnings?

Cascades Inc. (TSE:CAS) – Equities research analysts at Scotiabank increased their FY2027 earnings estimates for Cascades in a report released on Wednesday, August 19th. Scotiabank analyst J. Goldman now expects that the company will post earnings per share of $1.34 for the year, up from their previous forecast of $1.19. The consensus estimate for Cascades’ current full-year earnings is $1.30 per share.

Cascades (TSE:CAS) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.24 EPS for the quarter. Cascades had a net margin of 2.64% and a return on equity of 7.24%. The company had revenue of C$1.22 billion during the quarter.

A number of other research firms have also recently commented on CAS. Desjardins lifted their target price on shares of Cascades from C$13.00 to C$19.00 and gave the stock a “hold” rating in a research note on Monday, August 10th. Canadian Imperial Bank of Commerce upgraded shares of Cascades from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. National Bank Financial raised their price target on shares of Cascades from C$13.00 to C$17.00 and gave the stock a “sector perform” rating in a report on Monday, August 10th. Scotia raised their price target on shares of Cascades from C$16.00 to C$20.50 and gave the stock a “sector outperform” rating in a report on Friday, August 14th. Finally, Royal Bank Of Canada lifted their price objective on shares of Cascades from C$15.00 to C$18.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$16.50.

Cascades Trading Down 1.6%

Shares of TSE:CAS opened at C$17.25 on Friday. The business’s 50-day moving average is C$13.30 and its 200 day moving average is C$12.15. The company has a debt-to-equity ratio of 111.08, a current ratio of 1.48 and a quick ratio of 0.86. Cascades has a 1 year low of C$9.35 and a 1 year high of C$17.97. The firm has a market capitalization of C$1.75 billion, a P/E ratio of 13.91, a P/E/G ratio of 0.56 and a beta of 1.04.

Insider Transactions at Cascades

In related news, insider Allan Hogg sold 17,684 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of C$17.50, for a total value of C$309,470.00. Following the sale, the insider owned 112,056 shares in the company, valued at C$1,960,980. This represents a 13.63% decrease in their ownership of the stock. Also, insider Jérôme Nadeau sold 5,234 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of C$17.30, for a total transaction of C$90,548.20. Following the completion of the transaction, the insider owned 21,997 shares in the company, valued at approximately C$380,548.10. This trade represents a 19.22% decrease in their position. Insiders own 23.78% of the company’s stock.

Cascades Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, September 3rd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, August 20th. Cascades’s dividend payout ratio (DPR) is presently 38.71%.

Cascades Company Profile

Founded in 1964, Cascades offers sustainable, innovative and value-added solutions for packaging, hygiene and recovery needs. The company employs approximately 9,000 talented people across a network of 60 production units in North America. With its participative management, half a century of experience in recycling, and ongoing efforts in research and development as driving forces, Cascades continues to deliver the innovative products that customers have come to rely on, while contributing to the well-being of people, communities and the entire planet.