Cascades Inc (TSE:CAS) declared a quarterly dividend on Tuesday, March 13th, TickerTech reports. Shareholders of record on Wednesday, March 28th will be paid a dividend of 0.04 per share on Wednesday, March 28th. This represents a $0.16 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Tuesday, March 13th.
Cascades stock opened at C$14.68 on Monday. The company has a market cap of $1,410.00, a price-to-earnings ratio of 3.20 and a beta of 0.06. Cascades has a 12-month low of C$12.20 and a 12-month high of C$18.20.
Cascades (TSE:CAS) last announced its quarterly earnings results on Thursday, March 1st. The company reported C$0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.22 by C($0.10). The company had revenue of C$1.08 billion during the quarter, compared to analysts’ expectations of C$1.09 billion. Cascades had a net margin of 3.17% and a return on equity of 9.16%.
A number of equities research analysts recently commented on CAS shares. TD Securities raised shares of Cascades from a “hold” rating to a “buy” rating and increased their price objective for the company from C$16.50 to C$18.00 in a research note on Monday, January 29th. Desjardins raised shares of Cascades from a “hold” rating to a “buy” rating and increased their price objective for the company from C$15.00 to C$15.50 in a research note on Wednesday, December 6th. National Bank Financial increased their price objective on shares of Cascades from C$18.50 to C$21.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. Scotiabank reissued a “sector perform” rating and issued a C$18.00 price objective on shares of Cascades in a research note on Tuesday, December 5th. Finally, CIBC increased their price objective on shares of Cascades from C$14.00 to C$17.00 and gave the company an “outperform” rating in a research note on Tuesday, December 12th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Cascades currently has an average rating of “Buy” and a consensus target price of C$18.18.
In other Cascades news, Director Charles Malo sold 18,227 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of C$14.37, for a total transaction of C$261,921.99. Also, Director Alain Lemaire sold 79,121 shares of the firm’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of C$14.05, for a total transaction of C$1,111,650.05. Insiders have sold a total of 497,348 shares of company stock worth $7,565,572 over the last ninety days.
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Cascades Inc (Cascades) is a Canada-based company that produces, converts and markets packaging and tissue products consisting of recycled fibers. The Company operates through four segments: Containerboard, Boxboard Europe, Specialty Products (which constitutes the Company’s Packaging Products) and Tissue Papers.
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