Q4 EPS Estimates for Cargojet Cut by National Bank Financial

Cargojet Inc. (TSE:CJT - Free Report) - National Bank Financial reduced their Q4 2024 earnings per share (EPS) estimates for Cargojet in a note issued to investors on Monday, January 20th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings per share of $1.41 for the quarter, down from their prior forecast of $1.65. The consensus estimate for Cargojet's current full-year earnings is $5.89 per share.

CJT has been the subject of several other research reports. ATB Capital dropped their price objective on shares of Cargojet from C$165.00 to C$155.00 in a report on Wednesday, November 6th. TD Securities dropped their price target on Cargojet from C$167.00 to C$165.00 and set a "buy" rating for the company in a research note on Thursday, November 21st. Scotiabank cut their price target on Cargojet from C$174.00 to C$170.00 in a report on Monday. CIBC upped their price objective on Cargojet from C$172.00 to C$177.00 in a report on Wednesday, December 4th. Finally, National Bankshares lowered their target price on Cargojet from C$158.00 to C$151.00 and set an "outperform" rating for the company in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$160.50.

Cargojet Price Performance

Shares of TSE:CJT traded up C$1.72 during midday trading on Wednesday, reaching C$123.10. 50,819 shares of the company were exchanged, compared to its average volume of 90,158. 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 stock has a market cap of C$1.99 billion, a PE ratio of -129.58 and a beta of 0.91. The business's fifty day moving average is C$114.89 and its two-hundred day moving average is C$125.64. Cargojet has a one year low of C$100.01 and a one year high of C$144.97.

Cargojet (TSE:CJT - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported C$1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.14 by C$0.34. Cargojet had a negative return on equity of 2.13% and a negative net margin of 1.88%. During the same quarter in the prior year, the firm posted $0.30 EPS.

Cargojet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, January 3rd were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.40 dividend on an annualized basis and a yield of 1.14%. Cargojet's dividend payout ratio is presently -147.37%.

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.