Q1 2019 EPS Estimates for Cascades Inc Lowered by Desjardins (CAS)

Share on StockTwits

Cascades Inc (TSE:CAS) – Stock analysts at Desjardins reduced their Q1 2019 earnings estimates for Cascades in a research note issued on Wednesday, May 1st, Zacks Investment Research reports. Desjardins analyst K. Howlett now expects that the company will post earnings per share of $0.11 for the quarter, down from their previous estimate of $0.16. Desjardins also issued estimates for Cascades’ Q2 2019 earnings at $0.27 EPS, Q3 2019 earnings at $0.48 EPS, Q4 2019 earnings at $0.34 EPS and FY2020 earnings at $1.58 EPS.

Cascades (TSE:CAS) last released its quarterly earnings results on Thursday, May 9th. The company reported C$0.14 earnings per share for the quarter, topping the consensus estimate of C$0.13 by C$0.01. The company had revenue of C$1.23 billion for the quarter, compared to analysts’ expectations of C$1.22 billion.

Several other research firms also recently weighed in on CAS. National Bank Financial raised their price target on Cascades from C$9.00 to C$10.00 and gave the stock a “sector perform” rating in a research report on Friday, May 10th. CIBC lowered their price objective on Cascades from C$11.00 to C$10.00 in a research report on Tuesday, March 5th. Royal Bank of Canada lowered their price objective on Cascades from C$13.00 to C$12.00 and set an “outperform” rating for the company in a research report on Friday, May 10th. Finally, TD Securities lifted their price objective on Cascades from C$10.00 to C$10.50 and gave the company a “hold” rating in a research report on Friday, May 10th.

Cascades stock traded down C$0.32 during mid-day trading on Thursday, hitting C$9.41. 145,775 shares of the company were exchanged, compared to its average volume of 235,702. The company has a debt-to-equity ratio of 119.03, a quick ratio of 0.80 and a current ratio of 1.43. The company has a market capitalization of $910.20 million and a price-to-earnings ratio of 46.58. Cascades has a 12-month low of C$7.55 and a 12-month high of C$13.94.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, June 6th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Tuesday, May 21st. Cascades’s dividend payout ratio is currently 79.21%.

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.

Featured Article: Growth Stocks, What They Are, What They Are Not

Get a free copy of the Zacks research report on Cascades (CAS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.