Scotiabank Issues Optimistic Estimate for Cascades Earnings

Cascades Inc. (TSE:CAS) – Investment analysts at Scotiabank lifted their FY2026 earnings per share estimates for shares of Cascades in a note issued to investors on Wednesday, August 19th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings of $1.00 per share for the year, up from their prior estimate of $0.65. The consensus estimate for Cascades’ current full-year earnings is $1.30 per share.

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

A number of other brokerages have also commented on CAS. Scotia upped their target price on Cascades from C$16.00 to C$20.50 and gave the company a “sector outperform” rating in a research report on Friday, August 14th. TD raised their price target on shares of Cascades from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Desjardins lifted their price objective on shares of Cascades from C$13.00 to C$19.00 and gave the company a “hold” rating in a research note on Monday, August 10th. Canadian Imperial Bank of Commerce raised shares of Cascades from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Finally, Royal Bank Of Canada increased their price objective on shares of Cascades from C$15.00 to C$18.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.50.

Cascades Trading Down 1.7%

Shares of TSE:CAS opened at C$16.43 on Monday. 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 52-week low of C$9.35 and a 52-week high of C$17.97. The stock has a market cap of C$1.67 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 0.56 and a beta of 1.04. The business has a 50-day moving average price of C$13.65 and a 200-day moving average price of C$12.23.

Cascades Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, September 3rd will be paid a $0.12 dividend. The ex-dividend date is Thursday, August 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.9%. Cascades’s dividend payout ratio is presently 38.71%.

Insider Activity

In related news, insider Allan Hogg sold 17,684 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of C$17.50, for a total transaction of C$309,470.00. Following the sale, the insider directly owned 112,056 shares of the company’s stock, valued at C$1,960,980. This trade represents a 13.63% decrease in their ownership of the stock. Also, insider Jérôme Nadeau sold 5,234 shares of Cascades stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of C$17.30, for a total value of C$90,548.20. Following the transaction, the insider owned 21,997 shares of the company’s stock, valued at approximately C$380,548.10. This represents a 19.22% decrease in their ownership of the stock. 23.78% of the stock is owned by company insiders.

About Cascades

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.