Atb Cap Markets Decreases Earnings Estimates for Cargojet

Cargojet Inc. (TSE:CJT - Free Report) - Stock analysts at Atb Cap Markets cut their FY2024 EPS estimates for shares of Cargojet in a research note issued to investors on Tuesday, November 5th. Atb Cap Markets analyst C. Murray now anticipates that the company will earn $4.54 per share for the year, down from their prior estimate of $4.78. The consensus estimate for Cargojet's current full-year earnings is $5.89 per share. Atb Cap Markets also issued estimates for Cargojet's Q1 2026 earnings at $1.15 EPS, Q2 2026 earnings at $1.49 EPS and Q3 2026 earnings at $2.54 EPS.

Several other research analysts have also issued reports on the stock. Cormark increased their target price on shares of Cargojet from C$135.00 to C$140.00 in a research note on Thursday, August 15th. ATB Capital dropped their price objective on shares of Cargojet from C$165.00 to C$155.00 in a research note on Wednesday. National Bankshares raised their price objective on shares of Cargojet from C$154.00 to C$158.00 and gave the company an "outperform" rating in a research note on Thursday, October 17th. Scotiabank lowered shares of Cargojet from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 10th. Finally, Canaccord Genuity Group raised their price objective on shares of Cargojet from C$160.00 to C$165.00 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 assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of C$159.00.

Cargojet Stock Up 3.7 %

TSE CJT traded up C$4.89 on Thursday, hitting C$137.05. 80,900 shares of the company were exchanged, compared to its average volume of 55,391. The company has a market cap of C$2.21 billion, a PE ratio of -139.12 and a beta of 0.91. Cargojet has a 12 month low of C$82.22 and a 12 month high of C$144.97. The stock has a fifty day moving average of C$133.57 and a 200-day moving average of C$127.02. The company has a current ratio of 0.59, a quick ratio of 0.79 and a debt-to-equity ratio of 99.84.

Cargojet (TSE:CJT - Get Free Report) 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). The firm had revenue of C$230.80 million during 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 company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, October 4th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.40 annualized dividend and a dividend yield of 1.02%. This is an increase from Cargojet's previous quarterly dividend of $0.32. Cargojet's dividend 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.