Equities Analysts Offer Predictions for Cargojet Q4 Earnings

Cargojet Inc. (TSE:CJT) – Equities researchers at Atb Cap Markets cut their Q4 2024 earnings per share (EPS) estimates for shares of Cargojet in a report issued on Tuesday, November 5th. Atb Cap Markets analyst C. Murray now anticipates that the company will post earnings of $1.26 per share for the quarter, down from their previous forecast 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.

CJT has been the topic of a number of other reports. National Bankshares lifted their target price on Cargojet from C$154.00 to C$158.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. TD Securities lowered their price objective on Cargojet from C$176.00 to C$167.00 in a research report on Wednesday. Canaccord Genuity Group upped their target price on Cargojet from C$160.00 to C$165.00 in a research note on Wednesday. ATB Capital decreased their price target on shares of Cargojet from C$165.00 to C$155.00 in a research note on Wednesday. Finally, Cormark increased their price objective on shares of Cargojet from C$135.00 to C$140.00 in a research note on Thursday, August 15th. Two 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$159.00.

Cargojet Stock Performance

TSE CJT opened at C$138.00 on Friday. The company’s fifty day moving average is C$133.91 and its two-hundred day moving average is C$127.39. The firm has a market capitalization of C$2.23 billion, a price-to-earnings ratio of -145.26 and a beta of 0.91. The company has a debt-to-equity ratio of 99.84, a current ratio of 0.59 and a quick ratio of 0.79. Cargojet has a 52-week low of C$82.22 and a 52-week high of C$144.97.

Cargojet (TSE:CJT) last announced its earnings results on Tuesday, August 13th. The company reported C($0.05) earnings per share (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 for the quarter, compared to the consensus estimate 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 company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, October 4th were given a $0.35 dividend. The ex-dividend date was Friday, September 20th. This is a positive change from Cargojet’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a yield of 1.01%. Cargojet’s 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.