Atb Cap Markets Has Pessimistic View of Cargojet Q4 Earnings

Cargojet Inc. (TSE:CJT - Free Report) - Equities researchers at Atb Cap Markets decreased their Q4 2024 earnings per share 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 post earnings per share of $1.26 for the quarter, down from their previous estimate of $1.88. 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 2025 earnings at $0.84 EPS, Q2 2025 earnings at $1.12 EPS, Q3 2025 earnings at $2.02 EPS, Q4 2025 earnings at $1.68 EPS, FY2025 earnings at $5.66 EPS and FY2026 earnings at $7.72 EPS.

Several other analysts also recently issued reports on the company. ATB Capital lowered their price target on Cargojet from C$165.00 to C$155.00 in a report on Wednesday. Cormark boosted their price target on Cargojet from C$135.00 to C$140.00 in a research report on Thursday, August 15th. National Bankshares upped their price target on Cargojet from C$154.00 to C$158.00 and gave the stock an "outperform" rating in a report on Thursday, October 17th. Acumen Capital lifted their price objective on shares of Cargojet from C$175.00 to C$178.00 in a research note on Thursday, August 15th. Finally, Canaccord Genuity Group boosted their target price on shares of Cargojet from C$160.00 to C$165.00 in a research report on Wednesday. Two investment 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. Based on data from MarketBeat, Cargojet has a consensus rating of "Moderate Buy" and a consensus target price of C$159.00.

Cargojet Trading Up 0.7 %

Shares of Cargojet stock traded up C$0.95 during trading hours on Friday, hitting C$138.00. The company's stock had a trading volume of 92,812 shares, compared to its average volume of 55,564. The company has a quick ratio of 0.79, a current ratio of 0.59 and a debt-to-equity ratio of 99.84. The company has a market capitalization of C$2.23 billion, a PE ratio of -145.26 and a beta of 0.91. The business has a fifty day moving average of C$133.91 and a 200 day moving average of C$127.39. Cargojet has a 1-year low of C$82.22 and a 1-year high of C$144.97.

Cargojet (TSE:CJT - Get Free Report) last released 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 analysts' expectations of C$239.77 million. Cargojet had a negative return on equity of 2.13% and a negative net margin of 1.88%.

Cargojet Increases Dividend

The business 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 represents a $1.40 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, September 20th. This is a positive change from Cargojet's previous quarterly dividend of $0.32. Cargojet's dividend payout ratio is -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.