Cargojet (CGJTF) Projected to Post Quarterly Earnings on Tuesday

Cargojet (OTCMKTS:CGJTF) will likely be releasing its results before the market opens on Tuesday, February 24th. Analysts expect Cargojet to post earnings of $0.7290 per share and revenue of $251.30 million for the quarter.

Cargojet Stock Performance

Shares of OTCMKTS CGJTF opened at $71.05 on Monday. The company has a 50 day moving average of $65.81 and a 200 day moving average of $64.35. Cargojet has a twelve month low of $46.64 and a twelve month high of $81.44.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Scotiabank reaffirmed an “outperform” rating on shares of Cargojet in a report on Wednesday, January 21st. BMO Capital Markets reissued a “market perform” rating on shares of Cargojet in a research report on Thursday, January 15th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Cargojet Company Profile

Cargojet Inc is a Canadian-based air cargo carrier specializing in time-sensitive freight transportation. The company operates scheduled and on-demand cargo services throughout Canada and into international markets, providing next-flight-out and overnight delivery for a broad range of shippers. Cargojet’s fleet—anchored by Boeing 767-300ER freighters—is configured to handle standard palletized freight as well as specialized shipments such as temperature-controlled pharmaceuticals and high-value electronics.

Headquartered in Mississauga, Ontario, Cargojet serves major Canadian gateways including Toronto, Vancouver and Montreal, and extends its network into the United States, the Caribbean and select Latin American destinations.