Cargojet FY2025 EPS Boosted by National Bank Financial

Cargojet Inc. (TSE:CJT - Free Report) - Research analysts at National Bank Financial raised their FY2025 earnings per share estimates for Cargojet in a research report issued on Tuesday, November 5th. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings of $5.75 per share for the year, up from their previous estimate of $5.62. The consensus estimate for Cargojet's current full-year earnings is $5.89 per share.

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

Cargojet Stock Performance

Shares of TSE:CJT traded up C$4.89 during mid-day trading on Thursday, reaching C$137.05. The company had a trading volume of 80,900 shares, compared to its average volume of 55,391. 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 firm has a market cap of C$2.21 billion, a price-to-earnings ratio of -144.26 and a beta of 0.91. Cargojet has a one year low of C$82.22 and a one year high of C$144.97. The company's 50-day moving average price is C$133.73 and its 200-day moving average price is C$127.21.

Cargojet (TSE:CJT - Get Free Report) last announced its quarterly earnings results 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). The business had revenue of C$230.80 million for the quarter, compared to the consensus estimate of C$239.77 million. Cargojet had a negative net margin of 1.88% and a negative return on equity of 2.13%.

Cargojet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, October 4th were issued a $0.35 dividend. This is a positive change from Cargojet's previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Friday, September 20th. Cargojet's dividend payout ratio (DPR) is presently -147.37%.

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.