Cascades (CAS) to Release Earnings on Thursday

Cascades (TSE:CAS) is scheduled to be announcing its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of C($0.06) per share for the quarter.

Cascades (TSE:CAS) last issued its earnings results on Thursday, February 22nd. The company reported C$0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.30 by C($0.25). Cascades had a negative net margin of 1.64% and a negative return on equity of 2.86%. The firm had revenue of C$1.14 billion during the quarter, compared to the consensus estimate of C$1.22 billion.

Cascades Trading Up 1.1 %

Shares of Cascades stock opened at C$9.34 on Thursday. The company has a debt-to-equity ratio of 108.76, a quick ratio of 0.86 and a current ratio of 1.33. The stock has a market capitalization of C$940.63 million, a P/E ratio of -12.29, a P/E/G ratio of 0.56 and a beta of 0.06. Cascades has a 52-week low of C$9.10 and a 52-week high of C$15.00. The stock’s 50-day simple moving average is C$9.78 and its 200 day simple moving average is C$11.77.

Cascades Increases Dividend

The business also recently disclosed a 1 dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, March 21st were paid a dividend of $0.48 per share. This represents a dividend yield of 4.66%. This is a positive change from Cascades’s previous 1 dividend of $0.12. The ex-dividend date of this dividend was Thursday, March 21st. Cascades’s payout ratio is presently -63.16%.

Analyst Ratings Changes

Several research firms have recently weighed in on CAS. Desjardins decreased their price target on shares of Cascades from C$14.50 to C$13.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. TD Securities reduced their target price on Cascades from C$12.00 to C$11.00 and set a “buy” rating on the stock in a research note on Tuesday, April 16th. CIBC lowered their price target on shares of Cascades from C$14.00 to C$12.00 in a research report on Thursday, April 11th. National Bankshares cut their price objective on shares of Cascades from C$13.50 to C$11.00 in a research report on Thursday, April 11th. Finally, Scotiabank cut their target price on shares of Cascades from C$13.50 to C$12.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$11.67.

About Cascades

Cascades Inc produces, converts, and markets 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 and tissue products comprised of recycled fibers; tissue papers, comprising parent rolls of virgin and recycled fibres; specialty products, including uncoated recycled boxboards; and containerboards.