Scotiabank Has Strong Forecast for Cascades FY2027 Earnings

Cascades Inc. (TSE:CAS) – Scotiabank raised their FY2027 earnings per share estimates for Cascades in a report issued on Thursday, October 22nd. Scotiabank analyst J. Goldman now anticipates that the company will earn $1.50 per share for the year, up from their previous forecast of $1.34. The consensus estimate for Cascades’ current full-year earnings is $1.30 per share.

Several other research analysts have also issued reports on CAS. TD upped their target price on shares of Cascades from C$19.00 to C$20.00 and gave the stock a “buy” rating in a research report on Wednesday, October 14th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Cascades from C$17.50 to C$23.00 in a report on Wednesday, September 30th. Scotia upped their price objective on shares of Cascades from C$16.00 to C$20.50 and gave the company a “sector outperform” rating in a research note on Friday, August 14th. Desjardins boosted their price objective on Cascades from C$13.00 to C$19.00 and gave the company a “hold” rating in a research report on Monday, August 10th. Finally, National Bank Financial upped their price objective on shares of Cascades from C$13.00 to C$17.00 and gave the company a “sector perform” rating in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.38.

Cascades Price Performance

Shares of TSE CAS opened at C$17.15 on Friday. The stock’s 50-day simple moving average is C$17.34 and its two-hundred day simple moving average is C$13.72. The firm has a market capitalization of C$1.74 billion, a P/E ratio of 13.83, a P/E/G ratio of 0.56 and a beta of 1.03. The company has a quick ratio of 0.86, a current ratio of 1.48 and a debt-to-equity ratio of 111.08. Cascades has a twelve month low of C$10.25 and a twelve month high of C$18.86.

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

Cascades Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, September 3rd were issued a $0.12 dividend. The ex-dividend date was Thursday, August 20th. This represents a $0.48 annualized dividend and a yield of 2.8%. Cascades’s payout ratio is 38.71%.

Insider Activity at Cascades

In other news, insider Emmanuelle Migneault sold 3,298 shares of Cascades stock in a transaction dated Monday, September 28th. The shares were sold at an average price of C$18.23, for a total transaction of C$60,122.54. Following the sale, the insider owned 10,203 shares of the company’s stock, valued at approximately C$186,000.69. The trade was a 24.43% decrease in their position. Also, insider Jérôme Nadeau sold 5,234 shares of Cascades stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of C$17.30, for a total transaction of C$90,548.20. Following the sale, the insider directly owned 21,997 shares in the company, valued at C$380,548.10. The trade was a 19.22% decrease in their position. Insiders have sold a total of 27,395 shares of company stock worth $480,844 over the last quarter. Corporate insiders own 23.78% of the company’s stock.

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.