Cormark Issues Pessimistic Outlook for Cargojet Earnings

Cargojet Inc. (TSE:CJT - Free Report) - Research analysts at Cormark cut their Q3 2025 earnings estimates for Cargojet in a research report issued to clients and investors on Friday, April 25th. Cormark analyst D. Ocampo now anticipates that the company will post earnings of $1.42 per share for the quarter, down from their prior estimate of $1.53. The consensus estimate for Cargojet's current full-year earnings is $5.89 per share. Cormark also issued estimates for Cargojet's Q1 2026 earnings at $1.33 EPS, Q2 2026 earnings at $1.40 EPS and Q3 2026 earnings at $1.59 EPS.

Other research analysts have also issued reports about the company. BMO Capital Markets decreased their target price on Cargojet from C$120.00 to C$95.00 in a report on Tuesday, April 15th. Royal Bank of Canada lowered their price objective on Cargojet from C$193.00 to C$183.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. TD Securities upped their target price on shares of Cargojet from C$150.00 to C$154.00 and gave the stock a "buy" rating in a research note on Friday. Canaccord Genuity Group lifted their price target on shares of Cargojet from C$165.00 to C$173.00 in a research note on Wednesday, February 19th. Finally, Scotiabank lowered their price target on shares of Cargojet from C$165.00 to C$139.00 and set an "outperform" rating for the company in a report on Wednesday, April 2nd. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Cargojet presently has a consensus rating of "Buy" and a consensus target price of C$151.18.

Cargojet Stock Performance

TSE:CJT opened at C$84.33 on Monday. Cargojet has a 52 week low of C$69.60 and a 52 week high of C$144.97. The company has a fifty day simple moving average of C$85.81 and a two-hundred day simple moving average of C$108.78. The company has a quick ratio of 0.79, a current ratio of 0.56 and a debt-to-equity ratio of 98.69. The company has a market cap of C$1.35 billion, a price-to-earnings ratio of 591.83 and a beta of 0.91.

Cargojet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, April 4th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Thursday, March 20th. Cargojet's dividend payout ratio is currently 982.53%.

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.

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