Cargojet Inc. (TSE:CJT – Free Report) – Investment analysts at National Bank Financial upped their FY2025 earnings per share 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 per share of $5.62 for the year, up from their previous 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 earnings results on Tuesday, August 13th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.10 by C($1.15). The company had revenue of C$230.80 million during the quarter, compared to analysts’ expectations of C$239.77 million. Cargojet had a negative net margin of 1.88% and a negative return on equity of 2.13%.
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Cargojet Trading Down 0.1 %
TSE:CJT opened at C$138.62 on Monday. The stock has a market capitalization of C$2.24 billion, a price-to-earnings ratio of -145.92 and a beta of 0.91. Cargojet has a 52 week low of C$76.50 and a 52 week high of C$143.64. 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 firm has a 50 day moving average of C$130.48 and a 200 day moving average of C$125.22.
Cargojet Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, October 4th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.01%. The ex-dividend date was Friday, September 20th. This is a positive change 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.
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