Desjardins Has Bearish Forecast for Cascades FY2025 Earnings

Cascades Inc. (TSE:CAS) – Research analysts at Desjardins cut their FY2025 earnings per share (EPS) estimates for Cascades in a research note issued on Thursday, November 7th. Desjardins analyst F. Tremblay now expects that the company will post earnings of $1.14 per share for the year, down from their previous forecast of $1.17. The consensus estimate for Cascades’ current full-year earnings is $1.30 per share.

A number of other brokerages also recently issued reports on CAS. CIBC cut their price target on shares of Cascades from C$11.00 to C$10.50 and set a “neutral” rating for the company in a report on Monday, August 12th. TD Securities raised their target price on shares of Cascades from C$12.00 to C$14.00 and gave the company a “buy” rating in a report on Friday, November 8th. Royal Bank of Canada lifted their target price on shares of Cascades from C$11.00 to C$12.00 in a research report on Friday, November 8th. Finally, Scotiabank lowered their price target on shares of Cascades from C$12.00 to C$11.00 and set a “sector perform” rating on the stock in a research report on Monday, August 12th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$11.92.

Cascades Stock Performance

TSE:CAS opened at C$11.17 on Monday. The firm has a market cap of C$1.13 billion, a price-to-earnings ratio of -26.60, a price-to-earnings-growth ratio of 0.56 and a beta of 0.15. The company has a debt-to-equity ratio of 119.55, a current ratio of 1.23 and a quick ratio of 0.86. Cascades has a 1-year low of C$8.83 and a 1-year high of C$15.00. The firm’s fifty day moving average price is C$10.22 and its 200 day moving average price is C$9.68.

Cascades Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, December 5th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend is Thursday, November 21st. Cascades’s dividend payout ratio is currently -114.29%.

Insider Transactions at Cascades

In other Cascades news, Senior Officer Luc Langevin sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of C$11.30, for a total value of C$33,900.00. Company insiders own 23.78% of the company’s stock.

Cascades Company Profile

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.