Cascades (CADNF) Expected to Announce Quarterly Earnings on Thursday

Cascades (OTCMKTS:CADNF) is expected to post its results before the market opens on Thursday, November 5th. Analysts expect Cascades to post earnings of $0.2729 per share and revenue of $908.23 million for the quarter.

Cascades Price Performance

Shares of CADNF opened at $12.77 on Tuesday. Cascades has a 1 year low of $7.50 and a 1 year high of $13.20. The company’s 50 day simple moving average is $12.41 and its 200 day simple moving average is $9.74.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CADNF shares. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Cascades in a report on Monday, October 26th. TD Securities reissued a “buy” rating on shares of Cascades in a research note on Tuesday, August 4th. Scotiabank restated an “outperform” rating on shares of Cascades in a report on Friday, August 14th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Cascades in a research report on Monday, August 10th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Cascades Company Profile

Cascades Inc is a Canadian company that produces sustainable packaging and hygiene products primarily from recycled and renewable fibers. Its offerings include corrugated and specialty packaging, containerboard, tissue products, and recovery and recycling services for commercial, industrial, and consumer markets.

Founded in 1964 by the Lemaire family in Kingsey Falls, Quebec, Cascades has grown from a paper mill using recycled materials into an integrated manufacturer serving customers across Canada and the United States.