Cascades (CAS) Scheduled to Post Earnings on Thursday

Cascades (TSE:CAS) will release its earnings data before the market opens on Thursday, May 9th. Analysts expect Cascades to post earnings of C($0.06) per share for the quarter.

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

Cascades Stock Up 1.3 %

Shares of Cascades stock opened at C$9.47 on Tuesday. The company has a fifty day moving average price of C$9.69 and a 200 day moving average price of C$11.73. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 108.76. Cascades has a twelve month low of C$9.10 and a twelve month high of C$15.00. The stock has a market cap of C$953.72 million, a price-to-earnings ratio of -12.46, a price-to-earnings-growth ratio of 0.56 and a beta of 0.06.

Cascades Increases Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CAS. CIBC decreased their price target on shares of Cascades from C$14.00 to C$12.00 in a research report on Thursday, April 11th. TD Securities decreased their price target on shares of Cascades from C$12.00 to C$11.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th. Royal Bank of Canada decreased their price objective on shares of Cascades from C$14.00 to C$11.00 and set a “sector perform” rating for the company in a research report on Friday, April 19th. National Bankshares decreased 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 decreased their price objective 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 analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average 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.