Cascades (TSE:CAS) will be posting its quarterly earnings results before the market opens on Thursday, November 8th. Analysts expect Cascades to post earnings of C$0.42 per share for the quarter.
Cascades (TSE:CAS) last posted its quarterly earnings results on Thursday, August 9th. The company reported C$0.29 EPS for the quarter, hitting analysts’ consensus estimates of C$0.29. Cascades had a return on equity of 9.16% and a net margin of 3.17%. The company had revenue of C$1.18 billion during the quarter, compared to analysts’ expectations of C$1.17 billion.
Cascades stock opened at C$10.24 on Thursday. Cascades has a 52 week low of C$10.01 and a 52 week high of C$16.67.
In other Cascades news, Director Charles Malo sold 9,432 shares of the company’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of C$13.08, for a total value of C$123,370.56. Also, insider Robert F. Hall sold 70,000 shares of the company’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of C$13.58, for a total value of C$950,600.00. Insiders have sold a total of 79,832 shares of company stock valued at $1,079,343 in the last three months.
A number of equities analysts have recently commented on the company. CIBC lowered their price target on Cascades from C$16.00 to C$15.00 in a report on Monday, October 15th. National Bank Financial lowered their price target on Cascades from C$18.00 to C$16.00 and set an “outperform” rating for the company in a report on Tuesday, October 23rd. Desjardins boosted their price target on Cascades from C$17.00 to C$18.00 in a report on Friday, August 10th. Finally, Royal Bank of Canada lowered their price target on Cascades from C$18.00 to C$17.00 and set an “outperform” rating for the company in a report on Friday, August 10th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$16.42.
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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