Cascades Inc (TSE:CAS) – Stock analysts at Desjardins lifted their Q4 2018 earnings per share (EPS) estimates for shares of Cascades in a research report issued to clients and investors on Friday, August 10th. Desjardins analyst K. Howlett now expects that the company will post earnings of $0.28 per share for the quarter, up from their previous forecast of $0.25. Desjardins also issued estimates for Cascades’ FY2019 earnings at $1.84 EPS.

A number of other brokerages have also recently commented on CAS. Royal Bank of Canada decreased their price objective on Cascades from C$18.00 to C$17.00 and set an “outperform” rating for the company in a research note on Friday. TD Securities decreased their price objective on Cascades from C$18.00 to C$16.00 in a research note on Friday, May 11th. CIBC decreased their price objective on Cascades from C$17.00 to C$15.00 in a research note on Friday, May 11th. National Bank Financial decreased their price objective on Cascades from C$20.00 to C$18.00 and set an “outperform” rating for the company in a research note on Friday, May 11th. Finally, Scotiabank decreased their price objective on Cascades from C$18.00 to C$16.50 and set a “sector perform” rating for the company in a research note on Friday, May 11th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of C$16.75.

Shares of Cascades stock opened at C$13.67 on Monday. Cascades has a 12 month low of C$11.29 and a 12 month high of C$16.71.

In related news, insider Laurent Lemaire acquired 2,350 shares of the firm’s stock in a transaction that occurred on Friday, June 8th. The stock was acquired at an average cost of C$12.52 per share, with a total value of C$29,422.00.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 6th. Investors of record on Thursday, September 6th will be paid a dividend of $0.04 per share. The ex-dividend date is Tuesday, August 21st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.17%.

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.

Read More: Earnings Per Share (EPS) Explained

Earnings History and Estimates for Cascades (TSE:CAS)

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