Cargojet Q4 EPS Forecast Lowered by National Bank Financial

Cargojet Inc. (TSE:CJT) – National Bank Financial decreased their Q4 2024 earnings per share estimates for Cargojet in a report released on Monday, January 20th. National Bank Financial analyst C. Doerksen now expects that the company will post earnings of $1.41 per share for the quarter, down from their prior estimate of $1.65. The consensus estimate for Cargojet’s current full-year earnings is $5.89 per share.

Other analysts also recently issued research reports about the stock. TD Securities dropped their price target on shares of Cargojet from C$167.00 to C$165.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. National Bankshares decreased their target price on shares of Cargojet from C$158.00 to C$151.00 and set an “outperform” rating for the company in a research note on Tuesday. CIBC raised their price target on Cargojet from C$172.00 to C$177.00 in a research note on Wednesday, December 4th. ATB Capital lowered their target price on Cargojet from C$165.00 to C$155.00 in a report on Wednesday, November 6th. Finally, Scotiabank cut their price target on Cargojet from C$174.00 to C$170.00 in a research note on Monday. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Cargojet presently has a consensus rating of “Moderate Buy” and a consensus target price of C$160.50.

Cargojet Stock Performance

Shares of CJT opened at C$122.82 on Wednesday. Cargojet has a 12 month low of C$100.01 and a 12 month high of C$144.97. The business’s fifty day simple moving average is C$114.89 and its two-hundred day simple moving average is C$125.64. 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 company has a market cap of C$1.98 billion, a price-to-earnings ratio of -129.28 and a beta of 0.91.

Cargojet (TSE:CJT) last issued its earnings results on Monday, November 4th. The company reported C$1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.14 by C$0.34. Cargojet had a negative net margin of 1.88% and a negative return on equity of 2.13%. During the same period in the prior year, the firm earned $0.30 EPS.

Cargojet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, January 3rd were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Friday, December 20th. Cargojet’s dividend payout ratio is currently -147.37%.

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.