Cargojet (CJT) to Release Quarterly Earnings on Monday

Cargojet (TSE:CJT) is scheduled to 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 announced its quarterly earnings data on Monday, February 26th. The company reported C($0.14) EPS for the quarter, missing analysts’ consensus estimates of C$0.88 by C($1.02). Cargojet had a return on equity of 4.62% and a net margin of 4.25%. The company had revenue of C$221.90 million for the quarter, compared to analysts’ expectations of C$250.58 million.

Cargojet Stock Performance

Shares of Cargojet stock opened at C$115.59 on Friday. Cargojet has a one year low of C$76.50 and a one year high of C$124.94. The company has a market cap of C$1.95 billion, a price-to-earnings ratio of 53.02 and a beta of 1.03. The company has a debt-to-equity ratio of 101.87, a quick ratio of 0.79 and a current ratio of 1.49. The business’s 50 day moving average price is C$112.28 and its 200 day moving average price is C$107.49.

Cargojet Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Wednesday, March 20th were given a $0.315 dividend. 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 currently 57.80%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. BMO Capital Markets boosted their price objective on Cargojet from C$110.00 to C$115.00 and gave the company a “market perform” rating in a report on Tuesday, February 27th. Scotiabank boosted their price objective on Cargojet from C$142.00 to C$145.00 and gave the company an “outperform” rating in a report on Monday, January 22nd. National Bankshares boosted their price objective on Cargojet from C$109.00 to C$129.00 and gave the company a “sector perform” rating in a report on Friday, January 5th. ATB Capital boosted their target price on Cargojet from C$155.00 to C$160.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 27th. Finally, Laurentian raised Cargojet from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$102.00 to C$150.00 in a research note on Tuesday, January 16th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Cargojet presently has an average rating of “Moderate Buy” and an average price target of C$148.18.

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.