Cargojet (OTCMKTS:CGJTF) Issues Quarterly Earnings Results, Misses Estimates By $0.09 EPS

Cargojet (OTCMKTS:CGJTF) released its earnings results on Monday. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.09), Zacks reports. Cargojet had a net margin of 3.62% and a return on equity of 4.96%.

Cargojet Trading Up 0.1%

Shares of CGJTF traded up $0.04 during mid-day trading on Monday, reaching $62.04. The company had a trading volume of 14,890 shares, compared to its average volume of 11,195. The stock has a market cap of $924.33 million and a price-to-earnings ratio of 41.64. The firm has a fifty day simple moving average of $60.28 and a 200-day simple moving average of $62.51. Cargojet has a fifty-two week low of $46.64 and a fifty-two week high of $75.12. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 1.20.

Wall Street Analyst Weigh In

CGJTF has been the topic of a number of research analyst reports. TD Securities reissued a “buy” rating on shares of Cargojet in a research note on Wednesday, May 6th. Scotiabank reaffirmed an “outperform” rating on shares of Cargojet in a research note on Thursday, July 16th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

About Cargojet

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.