National Bank Financial Estimates Cargojet FY2024 Earnings

Cargojet Inc. (TSE:CJT) – Stock analysts at National Bank Financial dropped their FY2024 earnings per share estimates for shares of Cargojet in a research report issued to clients and investors on Monday, January 20th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings per share of $4.70 for the year, down from their previous estimate of $4.94. The consensus estimate for Cargojet’s current full-year earnings is $5.89 per share. National Bank Financial also issued estimates for Cargojet’s FY2025 earnings at $5.54 EPS and FY2026 earnings at $6.40 EPS.

A number of other brokerages also recently issued reports on CJT. TD Securities cut their price target on shares of Cargojet from C$167.00 to C$165.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Canaccord Genuity Group raised their price target on shares of Cargojet from C$160.00 to C$165.00 in a research note on Wednesday, November 6th. CIBC upped their target price on Cargojet from C$172.00 to C$177.00 in a research note on Wednesday, December 4th. Scotiabank lowered their price objective on shares of Cargojet from C$174.00 to C$170.00 in a research note on Monday. Finally, ATB Capital dropped their target price on shares of Cargojet from C$165.00 to C$155.00 in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Cargojet presently has a consensus rating of “Moderate Buy” and a consensus target price of C$160.50.

Cargojet Stock Down 0.2 %

CJT stock opened at C$122.82 on Thursday. The stock has a market capitalization of C$1.98 billion, a PE ratio of -129.28 and a beta of 0.91. The company has a fifty day moving average of C$114.89 and a 200-day moving average of C$125.64. The company has a debt-to-equity ratio of 99.84, a quick ratio of 0.79 and a current ratio of 0.59. Cargojet has a one year low of C$100.01 and a one year high of C$144.97.

Cargojet (TSE:CJT) last issued its quarterly earnings data on Monday, November 4th. The company reported C$1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.14 by C$0.34. Cargojet had a negative return on equity of 2.13% and a negative net margin of 1.88%. During the same quarter last year, the business earned $0.30 EPS.

Cargojet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Friday, December 20th. Cargojet’s dividend payout ratio is -147.37%.

Cargojet Company Profile

Cargojet Inc operates a domestic air cargo co-load network between sixteen major Canadian cities. The company provides dedicated aircraft to customers on an Aircraft, Crew, Maintenance and Insurance basis, operating between points in Canada, USA, Mexico and Europe. The company also operates scheduled international routes for multiple cargo customers between the USA and Bermuda, between Canada, UK and Germany; and between Canada and Mexico.