Cargojet (CJT) Scheduled to Post Earnings on Monday

Cargojet (TSE:CJT) will issue its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of C$1.15 per share for the quarter.

Cargojet (TSE:CJT) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.10 by C($1.15). The firm had revenue of C$230.80 million during the quarter, compared to the consensus estimate of C$239.77 million. Cargojet had a negative return on equity of 2.13% and a negative net margin of 1.88%.

Cargojet Stock Performance

Shares of Cargojet stock opened at C$138.07 on Friday. Cargojet has a 12 month low of C$80.69 and a 12 month high of C$143.64. The firm has a market capitalization of C$2.23 billion, a P/E ratio of -146.52 and a beta of 0.91. The company has a current ratio of 0.59, a quick ratio of 0.79 and a debt-to-equity ratio of 99.84. The business has a fifty day simple moving average of C$132.91 and a two-hundred day simple moving average of C$126.35.

Cargojet Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, October 4th were given a dividend of $0.35 per share. This is a boost from Cargojet’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Friday, September 20th. Cargojet’s dividend payout ratio (DPR) is -147.37%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CJT. Scotiabank downgraded shares of Cargojet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. National Bankshares raised their price objective on Cargojet from C$154.00 to C$158.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. TD Securities boosted their target price on Cargojet from C$173.00 to C$176.00 in a report on Thursday, August 15th. Acumen Capital raised their price target on Cargojet from C$175.00 to C$178.00 in a report on Thursday, August 15th. Finally, ATB Capital upped their price target on shares of Cargojet from C$160.00 to C$165.00 in a research note on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$160.27.

Cargojet Company Profile

Cargojet Inc provides time sensitive overnight air cargo services and carriers in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe.