FY2024 EPS Estimates for Cargojet Lowered by Atb Cap Markets

Cargojet Inc. (TSE:CJT) – Investment analysts at Atb Cap Markets decreased their FY2024 EPS estimates for Cargojet in a report issued on Tuesday, November 5th. Atb Cap Markets analyst C. Murray now expects that the company will earn $4.54 per share for the year, down from their prior forecast of $4.78. 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 2026 earnings at $1.15 EPS, Q2 2026 earnings at $1.49 EPS and Q3 2026 earnings at $2.54 EPS.

Cargojet (TSE:CJT) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C($0.05) EPS for the quarter, missing the consensus estimate of C$1.10 by C($1.15). The firm had revenue of C$230.80 million for the quarter, compared to analyst estimates of C$239.77 million. Cargojet had a negative net margin of 1.88% and a negative return on equity of 2.13%.

Several other research analysts also recently commented on CJT. Cormark boosted their target price on Cargojet from C$135.00 to C$140.00 in a research note on Thursday, August 15th. National Bankshares upped their price objective on shares of Cargojet from C$154.00 to C$158.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. ATB Capital cut their target price on shares of Cargojet from C$165.00 to C$155.00 in a research report on Wednesday. Canaccord Genuity Group upped their price target on shares of Cargojet from C$160.00 to C$165.00 in a report on Wednesday. Finally, TD Securities cut their price objective on Cargojet from C$176.00 to C$167.00 in a report on Wednesday. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$159.00.

Cargojet Price Performance

Cargojet stock opened at C$137.05 on Thursday. The company has a debt-to-equity ratio of 99.84, a quick ratio of 0.79 and a current ratio of 0.59. Cargojet has a 52 week low of C$82.22 and a 52 week high of C$144.97. The stock has a market capitalization of C$2.21 billion, a P/E ratio of -144.26 and a beta of 0.91. The stock has a fifty day moving average of C$133.73 and a 200-day moving average of C$127.21.

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 issued a dividend of $0.35 per share. This is a positive change from Cargojet’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.40 annualized dividend and a yield of 1.02%. Cargojet’s dividend payout ratio (DPR) is presently -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.