Cargojet (CJT) to Release Quarterly Earnings on Monday

Cargojet (TSE:CJT) will be announcing its earnings results before the market opens on Monday, April 29th. Analysts expect the company to announce earnings of C$0.71 per share for the quarter.

Cargojet (TSE:CJT) last issued its earnings results on Monday, February 26th. The company reported C($0.14) EPS for the quarter, missing the consensus estimate of C$0.88 by C($1.02). The firm had revenue of C$221.90 million during the quarter, compared to analyst estimates of C$250.58 million. Cargojet had a net margin of 4.25% and a return on equity of 4.62%.

Cargojet Stock Performance

Shares of CJT opened at C$115.59 on Friday. The company has a debt-to-equity ratio of 101.87, a current ratio of 1.49 and a quick ratio of 0.79. The stock has a 50-day moving average of C$112.38 and a 200-day moving average of C$107.33. The company has a market cap of C$1.95 billion, a PE ratio of 53.02 and a beta of 1.03. Cargojet has a one year low of C$76.50 and a one year high of C$124.94.

Cargojet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Wednesday, March 20th were paid a dividend of $0.315 per share. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $1.26 dividend on an annualized basis and a yield of 1.09%. This is an increase from Cargojet’s previous quarterly dividend of $0.03. Cargojet’s payout ratio is 57.80%.

Analysts Set New Price Targets

A number of research firms have issued reports on CJT. National Bankshares lifted their price target on Cargojet from C$109.00 to C$129.00 and gave the company a “sector perform” rating in a research note on Friday, January 5th. Acumen Capital lifted their target price on shares of Cargojet from C$160.00 to C$165.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Laurentian raised shares of Cargojet from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$102.00 to C$150.00 in a research report on Tuesday, January 16th. Cormark dropped their target price on shares of Cargojet from C$121.00 to C$120.00 in a research report on Tuesday, February 27th. Finally, BMO Capital Markets lifted their target price on shares of Cargojet from C$110.00 to C$115.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Cargojet presently has an average rating of “Moderate Buy” and a consensus target price of C$148.18.

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.