Cargojet (OTCMKTS:CGJTF) Releases Quarterly Earnings Results, Misses Expectations By $0.16 EPS

Cargojet (OTCMKTS:CGJTF) issued its quarterly earnings data on Monday. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.16), Zacks reports. Cargojet had a return on equity of 10.00% and a net margin of 7.97%.

Cargojet Stock Performance

Shares of CGJTF opened at $55.95 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 1.20 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $833.71 million and a price-to-earnings ratio of 53.29. The stock has a 50 day moving average of $62.06 and a 200 day moving average of $61.34. Cargojet has a 12 month low of $46.64 and a 12 month high of $81.44.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CGJTF shares. Scotiabank reissued an “outperform” rating on shares of Cargojet in a research note on Wednesday, January 21st. BMO Capital Markets reissued a “market perform” rating on shares of Cargojet in a research note on Thursday, January 15th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Cargojet Company Profile

Cargojet Inc is a Canadian-based air cargo carrier specializing in time-sensitive freight transportation. The company operates scheduled and on-demand cargo services throughout Canada and into international markets, providing next-flight-out and overnight delivery for a broad range of shippers. Cargojet’s fleet—anchored by Boeing 767-300ER freighters—is configured to handle standard palletized freight as well as specialized shipments such as temperature-controlled pharmaceuticals and high-value electronics.

Headquartered in Mississauga, Ontario, Cargojet serves major Canadian gateways including Toronto, Vancouver and Montreal, and extends its network into the United States, the Caribbean and select Latin American destinations.