National Bank Financial Estimates Cargojet FY2025 Earnings

Cargojet Inc. (TSE:CJT) – Equities researchers at National Bank Financial upped their FY2025 earnings estimates for Cargojet in a report issued on Tuesday, November 5th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings per share of $5.75 for the year, up from their prior forecast of $5.62. The consensus estimate for Cargojet’s current full-year earnings is $5.89 per share.

A number of other research firms also recently commented on CJT. National Bankshares boosted their target price on shares of Cargojet from C$154.00 to C$158.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. ATB Capital cut their price objective on Cargojet from C$165.00 to C$155.00 in a research report on Wednesday. Acumen Capital raised their price objective on Cargojet from C$175.00 to C$178.00 in a research note on Thursday, August 15th. TD Securities reduced their target price on Cargojet from C$176.00 to C$167.00 in a report on Wednesday. Finally, Cormark increased their price target on Cargojet from C$135.00 to C$140.00 in a research report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$159.00.

Cargojet Price Performance

Shares of Cargojet stock opened at C$137.05 on Thursday. Cargojet has a 52 week low of C$82.22 and a 52 week high of C$144.97. 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 stock has a market cap of C$2.21 billion, a PE ratio of -144.26 and a beta of 0.91. The company’s 50-day moving average price is C$133.73 and its two-hundred day moving average price is C$127.21.

Cargojet (TSE:CJT) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C($0.05) EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of C$239.77 million.

Cargojet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, October 4th were issued a dividend of $0.35 per share. This is a boost from Cargojet’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Friday, September 20th. Cargojet’s payout ratio is currently -147.37%.

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.