Cargojet (CJT) to Release Earnings on Monday

Cargojet (TSE:CJT - Get Free Report) will post its quarterly earnings results after the market closes on Monday, November 4th. Analysts expect Cargojet to post earnings of C$1.15 per share for the quarter.

Cargojet (TSE:CJT - Get Free Report) last released its earnings results on Tuesday, August 13th. The company reported C($0.05) earnings per share for the quarter, missing analysts' consensus estimates of C$1.10 by C($1.15). The business 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 Price Performance

Shares of CJT stock traded up C$1.47 during trading hours on Monday, reaching C$136.16. The company had a trading volume of 37,189 shares, compared to its average volume of 54,339. Cargojet has a 12-month low of C$77.58 and a 12-month 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 company has a market capitalization of C$2.20 billion, a price-to-earnings ratio of -142.97 and a beta of 0.91. The stock has a fifty day moving average of C$131.96 and a 200-day moving average of C$125.93.

Cargojet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, October 4th were issued a $0.35 dividend. This is a boost from Cargojet's previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 1.03%. The ex-dividend date was Friday, September 20th. Cargojet's dividend payout ratio is presently -147.37%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CJT. Scotiabank lowered shares of Cargojet from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 10th. Canaccord Genuity Group upped their price objective on Cargojet from C$156.00 to C$160.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. TD Securities raised their target price on Cargojet from C$173.00 to C$176.00 in a research note on Thursday, August 15th. ATB Capital lifted their target price on Cargojet from C$160.00 to C$165.00 in a research report on Thursday, August 15th. Finally, National Bankshares increased 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. Two investment 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$160.27.

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.