Cascades (TSE:CAS) – Analysts at National Bank Financial reduced their Q1 2018 EPS estimates for Cascades in a research note issued to investors on Tuesday, April 10th, Zacks Investment Research reports. National Bank Financial analyst L. Aghazarian now anticipates that the company will post earnings per share of $0.19 for the quarter, down from their previous forecast of $0.23. National Bank Financial currently has a “Outperform” rating and a $20.00 price target on the stock. National Bank Financial also issued estimates for Cascades’ Q2 2018 earnings at $0.35 EPS, Q3 2018 earnings at $0.42 EPS and Q4 2018 earnings at $0.30 EPS.
Cascades (TSE:CAS) last posted its quarterly earnings data on Thursday, March 1st. The company reported C$0.12 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.22 by C($0.10). Cascades had a return on equity of 9.16% and a net margin of 3.17%. The company had revenue of C$1.08 billion for the quarter, compared to the consensus estimate of C$1.09 billion.
Shares of CAS stock opened at C$13.39 on Thursday. Cascades has a fifty-two week low of C$12.20 and a fifty-two week high of C$18.20.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 28th. Investors of record on Wednesday, March 28th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Tuesday, March 13th.
In related news, insider Maryse Fernet sold 10,320 shares of the firm’s stock in a transaction on Friday, March 23rd. The stock was sold at an average price of C$14.18, for a total transaction of C$146,337.60. Also, insider Bernard Lemaire sold 400,000 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of C$15.48, for a total value of C$6,192,000.00. In the last three months, insiders have sold 507,668 shares of company stock worth $7,711,910.
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Cascades Inc, together with its subsidiaries, produces, converts, and markets packaging and tissue products in Canada, the United States, and Europe. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It manufactures coated recycled and virgin boxboards, and containerboards, as well as converts corrugated products.
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