National Bank Financial Estimates Cargojet FY2025 Earnings

Cargojet Inc. (TSE:CJT - Free Report) - National Bank Financial upped their FY2025 earnings per share (EPS) estimates for shares of Cargojet in a report issued on Wednesday, October 16th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings of $5.62 per share for the year, up from their prior estimate of $5.47. The consensus estimate for Cargojet's current full-year earnings is $5.89 per share.

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 company had revenue of C$230.80 million during the quarter, compared to analyst estimates of C$239.77 million. Cargojet had a negative return on equity of 2.13% and a negative net margin of 1.88%.

Several other research firms have also issued reports on CJT. Canaccord Genuity Group boosted their target price on shares of Cargojet from C$150.00 to C$156.00 in a report on Wednesday, July 24th. Scotiabank cut Cargojet from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 10th. National Bankshares lifted their price target 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. Acumen Capital boosted their target price on Cargojet from C$175.00 to C$178.00 in a research report on Thursday, August 15th. Finally, ATB Capital upped their price target on Cargojet from C$160.00 to C$165.00 in a research note on Thursday, August 15th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Cargojet presently has an average rating of "Moderate Buy" and an average target price of C$159.91.

Cargojet Trading Down 2.3 %

Shares of TSE:CJT traded down C$3.14 during trading on Monday, reaching C$135.48. The stock had a trading volume of 26,002 shares, compared to its average volume of 55,012. Cargojet has a 52 week low of C$76.50 and a 52 week high of C$143.64. 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 firm's fifty day moving average is C$130.48 and its 200 day moving average is C$125.22. The stock has a market cap of C$2.19 billion, a price-to-earnings ratio of -142.61 and a beta of 0.91.

Cargojet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, October 4th were issued a dividend of $0.35 per share. The ex-dividend date was Friday, September 20th. This represents a $1.40 annualized dividend and a yield of 1.03%. This is an increase from Cargojet's previous quarterly dividend of $0.32. Cargojet's dividend payout ratio is -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.