Cascades Inc (TSE:CAS) – Stock analysts at National Bank Financial boosted their Q1 2019 earnings estimates for Cascades in a research note issued on Monday, April 29th, Zacks Investment Research reports. National Bank Financial analyst Z. Evershed now expects that the company will post earnings per share of $0.14 for the quarter, up from their previous estimate of $0.09. National Bank Financial currently has a “Sector Perform” rating and a $10.00 target price on the stock. National Bank Financial also issued estimates for Cascades’ Q3 2019 earnings at $0.26 EPS, FY2019 earnings at $0.78 EPS and FY2020 earnings at $1.01 EPS.
Cascades (TSE:CAS) last issued its quarterly earnings results on Thursday, May 9th. The company reported C$0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.13 by C$0.01. The firm had revenue of C$1.23 billion for the quarter, compared to the consensus estimate of C$1.22 billion.
Shares of Cascades stock traded down C$0.32 on Thursday, reaching C$9.41. 145,775 shares of the stock were exchanged, compared to its average volume of 235,702. Cascades has a one year low of C$7.55 and a one year high of C$13.94. The company has a current ratio of 1.43, a quick ratio of 0.80 and a debt-to-equity ratio of 119.03. The company has a market cap of $910.20 million and a PE ratio of 46.58.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, June 6th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.70%. The ex-dividend date is Tuesday, May 21st. Cascades’s payout ratio is 79.21%.
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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