Cargojet (CJT) Scheduled to Post Quarterly Earnings on Monday

Cargojet (TSE:CJT) will release its earnings data after the market closes on Monday, November 4th. Analysts expect Cargojet to post earnings of C$1.15 per share for the quarter.

Cargojet (TSE:CJT) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C($0.05) earnings per share for the quarter, missing the consensus estimate of C$1.10 by C($1.15). Cargojet had a negative return on equity of 2.13% and a negative net margin of 1.88%. The firm had revenue of C$230.80 million for the quarter, compared to analyst estimates of C$239.77 million.

Cargojet Trading Up 1.5 %

TSE:CJT opened at C$138.07 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.59 and a debt-to-equity ratio of 99.84. Cargojet has a twelve month low of C$80.69 and a twelve month high of C$143.64. The company has a market cap of C$2.23 billion, a P/E ratio of -145.34 and a beta of 0.91. The business has a 50 day moving average price of C$133.17 and a two-hundred day moving average price of C$126.54.

Cargojet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, October 4th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Friday, September 20th. This is a positive change from Cargojet’s previous quarterly dividend of $0.32. Cargojet’s dividend payout ratio is presently -147.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. National Bankshares lifted their price target on Cargojet from C$154.00 to C$158.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Cormark upped their target price on Cargojet from C$135.00 to C$140.00 in a research report on Thursday, August 15th. Royal Bank of Canada upped their price objective on Cargojet from C$182.00 to C$189.00 and gave the company an “outperform” rating in a report on Monday, July 8th. TD Securities lifted their target price on Cargojet from C$173.00 to C$176.00 in a report on Thursday, August 15th. Finally, Canaccord Genuity Group lifted their price target on shares of Cargojet from C$156.00 to C$160.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Cargojet has an average rating of “Moderate Buy” and an average price target of C$160.27.

About Cargojet

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.