Cargojet FY2024 EPS Raised by National Bank Financial

Cargojet Inc. (TSE:CJT - Free Report) - Equities research analysts at National Bank Financial increased their FY2024 earnings per share (EPS) estimates for shares of Cargojet in a research note issued to investors on Tuesday, November 5th. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings of $4.94 per share for the year, up from their prior estimate of $4.55. The consensus estimate for Cargojet's current full-year earnings is $5.89 per share. National Bank Financial also issued estimates for Cargojet's Q4 2024 earnings at $1.65 EPS.

Other research analysts have also recently issued reports about the stock. Cormark boosted their price target on shares of Cargojet from C$135.00 to C$140.00 in a report on Thursday, August 15th. Canaccord Genuity Group boosted their target price on Cargojet from C$160.00 to C$165.00 in a research note on Wednesday. National Bankshares increased 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. TD Securities cut their price objective on Cargojet from C$176.00 to C$167.00 in a research report on Wednesday. Finally, ATB Capital reduced their price objective on Cargojet from C$165.00 to C$155.00 in a research note on Wednesday. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$159.00.

Cargojet Stock Up 0.7 %

CJT traded up C$0.95 during mid-day trading on Friday, reaching C$138.00. 92,776 shares of the stock were exchanged, compared to its average volume of 55,564. Cargojet has a 1 year low of C$82.22 and a 1 year high of C$144.97. The company has a debt-to-equity ratio of 99.84, a quick ratio of 0.79 and a current ratio of 0.59. The stock has a market capitalization of C$2.23 billion, a PE ratio of -144.26 and a beta of 0.91. The company has a 50 day moving average price of C$133.73 and a two-hundred day moving average price of C$127.21.

Cargojet (TSE:CJT - Get Free Report) last announced its earnings results on Tuesday, August 13th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.10 by C($1.15). Cargojet had a negative net margin of 1.88% and a negative return on equity of 2.13%. The company had revenue of C$230.80 million for the quarter, compared to analysts' expectations of C$239.77 million.

Cargojet Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, October 4th were paid a $0.35 dividend. This is an increase from Cargojet's previous quarterly dividend of $0.32. The ex-dividend date was Friday, September 20th. This represents a $1.40 annualized dividend and a dividend yield of 1.01%. 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.