FY2025 EPS Estimates for Cargojet Boosted by Analyst

Cargojet Inc. (TSE:CJT) – 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) 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%.

A number of other research firms have also recently weighed in on CJT. Cormark raised their price objective on Cargojet from C$135.00 to C$140.00 in a research report on Thursday, August 15th. Canaccord Genuity Group upped their price objective on shares of Cargojet from C$150.00 to C$156.00 in a report on Wednesday, July 24th. ATB Capital lifted their target price on shares of Cargojet from C$160.00 to C$165.00 in a research note on Thursday, August 15th. Scotiabank lowered shares of Cargojet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Finally, Acumen Capital upped their target price on Cargojet from C$175.00 to C$178.00 in a research report on Thursday, August 15th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$159.91.

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.