Cargojet (TSE:CJT) Releases Earnings Results

Cargojet (TSE:CJT) issued its quarterly earnings data on Monday. The company reported C$0.47 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$275.80 million for the quarter. Cargojet had a net margin of 3.64% and a return on equity of 4.92%.

Cargojet Price Performance

Shares of TSE CJT opened at C$86.26 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 123.57. The firm’s 50-day moving average price is C$84.55 and its 200-day moving average price is C$86.21. The firm has a market capitalization of C$1.29 billion, a P/E ratio of 35.21 and a beta of 1.02. Cargojet has a 1-year low of C$65.60 and a 1-year high of C$105.26.

Cargojet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, July 6th were issued a dividend of $0.385 per share. The ex-dividend date was Friday, June 19th. This represents a $1.54 annualized dividend and a dividend yield of 1.8%. Cargojet’s dividend payout ratio is currently 58.57%.

Analysts Set New Price Targets

Several research analysts have commented on the company. TD cut their target price on Cargojet from C$124.00 to C$118.00 in a report on Wednesday, July 15th. BMO Capital Markets lowered their price objective on Cargojet from C$94.00 to C$85.00 and set a “market perform” rating for the company in a research report on Wednesday, May 6th. National Bank Financial lifted their price objective on Cargojet from C$108.00 to C$109.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. Finally, Royal Bank Of Canada reduced their target price on Cargojet from C$143.00 to C$140.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Cargojet has a consensus rating of “Moderate Buy” and a consensus target price of C$117.50.

About Cargojet

Cargojet Inc operates a domestic air cargo co-load network between sixteen major Canadian cities. The company provides dedicated aircraft to customers on an Aircraft, Crew, Maintenance and Insurance basis, operating between points in Canada, USA, Mexico and Europe. The company also operates scheduled international routes for multiple cargo customers between the USA and Bermuda, between Canada, UK and Germany; and between Canada and Mexico.