Scotiabank Brokers Increase Earnings Estimates for Cascades

Cascades Inc. (TSE:CAS) – Equities researchers at Scotiabank lifted their FY2026 earnings per share estimates for shares of Cascades in a note issued to investors on Thursday, March 5th. Scotiabank analyst J. Goldman now expects that the company will post earnings per share of $1.16 for the year, up from their previous forecast of $1.13. Scotiabank has a “Outperform” rating and a $16.00 price target on the stock. The consensus estimate for Cascades’ current full-year earnings is $1.30 per share.

Several other brokerages have also recently weighed in on CAS. Canadian Imperial Bank of Commerce increased their price target on shares of Cascades from C$12.00 to C$13.00 in a research report on Monday, November 10th. TD Securities decreased their price objective on shares of Cascades from C$16.00 to C$15.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Royal Bank Of Canada upped their price objective on shares of Cascades from C$14.00 to C$16.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. Finally, National Bank Financial increased their target price on shares of Cascades from C$12.00 to C$15.00 and gave the stock a “sector perform” rating in a report on Monday, February 2nd. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Cascades currently has an average rating of “Moderate Buy” and a consensus price target of C$14.75.

Cascades Stock Down 1.1%

Shares of Cascades stock opened at C$12.11 on Monday. The company has a debt-to-equity ratio of 112.96, a quick ratio of 0.86 and a current ratio of 1.43. Cascades has a 52-week low of C$8.30 and a 52-week high of C$14.20. The company’s 50 day moving average price is C$13.06 and its 200-day moving average price is C$11.73. The stock has a market capitalization of C$1.23 billion, a price-to-earnings ratio of 60.55, a P/E/G ratio of 0.56 and a beta of 1.09.

Cascades (TSE:CAS) last announced its quarterly earnings data on Thursday, February 26th. The company reported C$0.40 earnings per share for the quarter. The firm had revenue of C$1.20 billion during the quarter. Cascades had a return on equity of 4.11% and a net margin of 1.47%.

Cascades Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 26th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.48 dividend on an annualized basis and a yield of 4.0%. Cascades’s dividend payout ratio (DPR) is presently 240.00%.

Cascades Company Profile

Cascades Inc, along with its subsidiaries, produces, converts and markets packaging and tissue products composed mainly of recycled fibres. The company is organized into four main business segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes packaging products), and Tissue Papers. The business activity of the company functions in Canada, the United States, Italy, and other countries. Its customer base includes food processing companies, the maintenance industry, accommodations, and housing industry, micro-businesses, and boutiques.