Cargojet (OTCMKTS:CGJTF) Announces Quarterly Earnings Results

Cargojet (OTCMKTS:CGJTF) issued its earnings results on Wednesday. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.27, Zacks reports. The business had revenue of $201.21 million during the quarter, compared to analysts’ expectations of $190.24 million. Cargojet had a return on equity of 7.96% and a net margin of 5.14%.

Cargojet Stock Performance

CGJTF stock remained flat at $76.04 during midday trading on Friday. The company’s stock had a trading volume of 127,548 shares, compared to its average volume of 11,461. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 1.16. The company’s 50-day moving average price is $61.61 and its two-hundred day moving average price is $62.21. Cargojet has a twelve month low of $50.54 and a twelve month high of $78.64. The stock has a market cap of $1.13 billion and a price-to-earnings ratio of 28.06.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CGJTF. TD Securities reiterated a “buy” rating on shares of Cargojet in a research note on Thursday, September 17th. Scotiabank reaffirmed an “outperform” rating on shares of Cargojet in a research note on Wednesday, August 12th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Cargojet in a research report on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Cargojet has an average rating of “Moderate Buy”.

About Cargojet

Cargojet Inc. is a Canadian air-cargo company headquartered in Mississauga, Ontario. It operates scheduled overnight cargo services connecting major cities across Canada, along with transborder and international routes. The company provides time-sensitive air transportation for customers such as retailers, logistics providers and freight forwarders. Its services include scheduled cargo capacity, dedicated aircraft operations, charter flights and aircraft, crew, maintenance and insurance arrangements.