Cascades (CAS) Set to Announce Earnings on Thursday

Share on StockTwits

Cascades (TSE:CAS) is set to release its earnings data 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 data on Thursday, August 9th. The company reported C$0.29 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.29. The company had revenue of C$1.18 billion for the quarter, compared to analyst estimates of C$1.17 billion.

Cascades stock opened at C$10.57 on Tuesday. Cascades has a twelve month low of C$10.01 and a twelve month high of C$16.67.

In related news, Director Charles Malo sold 9,432 shares of the firm’s stock in a transaction that occurred on 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 firm’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of C$13.58, for a total value of C$950,600.00. Over the last three months, insiders have sold 79,832 shares of company stock valued at $1,079,343.

A number of equities analysts have recently issued reports on CAS shares. Royal Bank of Canada cut their target price on Cascades from C$18.00 to C$17.00 and set an “outperform” rating for the company in a research note on Friday, August 10th. Desjardins increased their target price on Cascades from C$17.00 to C$18.00 in a research note on Friday, August 10th. CIBC cut their target price on Cascades from C$16.00 to C$15.00 in a research note on Monday, October 15th. Finally, National Bank Financial cut their target price on Cascades from C$18.00 to C$16.00 and set an “outperform” rating for the company in a research note on Tuesday, October 23rd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Cascades currently has an average rating of “Buy” and an average price target of C$16.42.

TRADEMARK VIOLATION WARNING: “Cascades (CAS) Set to Announce Earnings on Thursday” was first posted by Macon Daily and is the property of of Macon Daily. If you are viewing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this article can be accessed at https://macondaily.com/2018/11/06/cascades-cas-set-to-announce-earnings-on-thursday.html.

About Cascades

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.

Recommended Story: Why is the conference call important?

Earnings History for Cascades (TSE:CAS)

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.

Leave a Reply