Cargojet (CJT) Scheduled to Post Quarterly Earnings on Monday

Cargojet (TSE:CJT) is scheduled to announce its earnings results 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 issued 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 company had revenue of C$230.80 million for the quarter, compared to the consensus estimate of C$239.77 million. Cargojet had a negative net margin of 1.88% and a negative return on equity of 2.13%.

Cargojet Price Performance

Shares of Cargojet stock opened at C$134.69 on Monday. Cargojet has a 1-year low of C$76.50 and a 1-year high of C$143.64. The firm’s 50-day moving average price is C$131.96 and its two-hundred day moving average price is C$125.93. 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 stock has a market capitalization of C$2.18 billion, a price-to-earnings ratio of -141.78 and a beta of 0.91.

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 issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.04%. This is a boost from Cargojet’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, September 20th. Cargojet’s payout ratio is currently -147.37%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Canaccord Genuity Group increased their price objective on Cargojet from C$156.00 to C$160.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Acumen Capital lifted their price objective on Cargojet from C$175.00 to C$178.00 in a report on Thursday, August 15th. Scotiabank lowered shares of Cargojet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. ATB Capital upped their price objective on Cargojet from C$160.00 to C$165.00 in a research report on Thursday, August 15th. Finally, Royal Bank of Canada increased their price target on Cargojet from C$182.00 to C$189.00 and gave the company an “outperform” rating in a research report on Monday, July 8th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently 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.