Q3 2019 EPS Estimates for Cascades Inc (TSE:CAS) Increased by National Bank Financial

Cascades Inc (TSE:CAS) – National Bank Financial boosted their Q3 2019 earnings per share (EPS) estimates for Cascades in a research report issued to clients and investors on Sunday, August 11th. National Bank Financial analyst Z. Evershed now expects that the company will post earnings per share of $0.37 for the quarter, up from their previous forecast of $0.34. National Bank Financial has a “Outperform” rating and a $14.50 price target on the stock. National Bank Financial also issued estimates for Cascades’ Q4 2019 earnings at $0.24 EPS, FY2019 earnings at $1.02 EPS and FY2020 earnings at $1.43 EPS.

Several other research analysts have also recently issued reports on CAS. Royal Bank of Canada raised their price objective on Cascades from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Monday. Raymond James lifted their price target on Cascades from C$14.00 to C$15.00 in a research report on Monday. CIBC lifted their price target on Cascades from C$10.00 to C$11.00 in a research report on Monday, May 13th. Finally, TD Securities cut Cascades from a “buy” rating to a “hold” rating and set a C$13.50 price target for the company. in a research report on Tuesday, July 16th.

Shares of TSE:CAS opened at C$11.55 on Wednesday. Cascades has a 52-week low of C$7.55 and a 52-week high of C$13.94. The stock has a market cap of $1.13 billion and a price-to-earnings ratio of 46.39. The company has a quick ratio of 0.81, a current ratio of 1.43 and a debt-to-equity ratio of 115.99. The business has a 50-day moving average price of C$11.87 and a 200-day moving average price of C$9.77.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, September 6th will be given a dividend of $0.08 per share. This is a boost from Cascades’s previous quarterly dividend of $0.04. This represents a $0.32 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Tuesday, August 20th. Cascades’s dividend payout ratio (DPR) is currently 128.51%.

Cascades Company Profile

Cascades Inc produces, converts, and markets packaging and tissue products in Canada, the United States, and internationally. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It offers containerboards, and coated recycled and virgin boxboards, as well as converts corrugated products.

Recommended Story: What Is An Exchange-Traded Fund (ETF)?

Earnings History and Estimates for Cascades (TSE:CAS)

Receive News & Ratings for Cascades Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cascades and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit