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.
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.
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