National Bank Financial Weighs in on Cascades Inc’s Q1 2019 Earnings (TSE:CAS)

Cascades Inc (TSE:CAS) – Analysts at National Bank Financial lowered their Q1 2019 earnings estimates for Cascades in a research note issued on Wednesday, April 17th, Zacks Investment Research reports. National Bank Financial analyst Z. Evershed now forecasts that the company will post earnings of $0.09 per share for the quarter, down from their previous forecast of $0.10. National Bank Financial has a “Sector Perform” rating and a $10.00 price objective on the stock. National Bank Financial also issued estimates for Cascades’ Q2 2019 earnings at $0.28 EPS, Q3 2019 earnings at $0.25 EPS and Q4 2019 earnings at $0.13 EPS.

A number of other equities research analysts have also recently commented on CAS. CIBC reduced their price target on shares of Cascades from C$12.00 to C$11.00 in a report on Monday, January 14th. TD Securities reduced their price target on shares of Cascades from C$12.00 to C$10.00 and set a “hold” rating for the company in a report on Friday, March 1st. Royal Bank of Canada reduced their price target on shares of Cascades from C$14.00 to C$13.00 and set an “outperform” rating for the company in a report on Wednesday, February 20th. Finally, Desjardins reduced their price target on shares of Cascades from C$15.00 to C$14.00 in a report on Tuesday, January 29th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Cascades currently has an average rating of “Hold” and an average price target of C$12.17.

Shares of CAS traded up C$0.50 during trading hours on Friday, hitting C$9.43. 503,900 shares of the stock were exchanged, compared to its average volume of 232,889. Cascades has a fifty-two week low of C$7.55 and a fifty-two week high of C$13.94. The company has a quick ratio of 0.80, a current ratio of 1.43 and a debt-to-equity ratio of 112.26. The stock has a market cap of $884.04 million and a PE ratio of 16.26.

Cascades (TSE:CAS) last posted its quarterly earnings data on Thursday, May 9th. The company reported C$0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.13 by C$0.01. The firm had revenue of C$1.23 billion for the quarter, compared to analyst estimates of C$1.22 billion.

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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