National Bank Financial Forecasts Cargojet FY2025 Earnings

Cargojet Inc. (TSE:CJT) – Equities researchers at National Bank Financial upped their FY2025 earnings per share estimates for shares of Cargojet in a research report issued to clients and investors on Tuesday, February 18th. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings per share of $5.56 for the year, up from their previous estimate of $5.54. The consensus estimate for Cargojet’s current full-year earnings is $5.89 per share.

Several other equities research analysts have also recently commented on CJT. Scotiabank lowered their target price on Cargojet from C$170.00 to C$165.00 in a research note on Wednesday. TD Securities decreased their price objective on Cargojet from C$167.00 to C$165.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Cormark decreased their price objective on Cargojet from C$140.00 to C$120.00 in a research note on Wednesday. Canaccord Genuity Group lifted their price objective on Cargojet from C$165.00 to C$173.00 in a research note on Wednesday. Finally, ATB Capital decreased their price objective on Cargojet from C$165.00 to C$155.00 in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cargojet presently has an average rating of “Moderate Buy” and an average price target of C$158.45.

Cargojet Stock Down 3.6 %

TSE CJT opened at C$101.34 on Friday. The stock has a fifty day moving average of C$112.62 and a 200-day moving average of C$122.88. The stock has a market capitalization of C$1.62 billion, a P/E ratio of 711.21 and a beta of 0.91. Cargojet has a 52 week low of C$100.01 and a 52 week high of C$144.97. The company has a debt-to-equity ratio of 98.69, a quick ratio of 0.79 and a current ratio of 0.56.

Cargojet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 20th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.38%. Cargojet’s dividend payout ratio is presently 982.53%.

About Cargojet

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.