Cargojet (TSE:CJT) Releases Earnings Results

Cargojet (TSE:CJT) released its quarterly earnings data on Tuesday. The company reported C$1.47 EPS for the quarter, FiscalAI reports. Cargojet had a net margin of 0.25% and a return on equity of 0.31%. The business had revenue of C$284.70 million during the quarter.

Cargojet Price Performance

CJT opened at C$91.19 on Wednesday. The stock’s 50-day moving average price is C$90.76 and its 200 day moving average price is C$88.89. Cargojet has a 12-month low of C$65.60 and a 12-month high of C$113.89. The company has a current ratio of 0.56, a quick ratio of 0.79 and a debt-to-equity ratio of 98.69. The firm has a market cap of C$1.38 billion, a price-to-earnings ratio of 11.59 and a beta of 0.82.

Cargojet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Monday, January 5th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, December 19th. Cargojet’s payout ratio is currently 17.79%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CJT. Raymond James Financial lifted their price objective on shares of Cargojet from C$95.00 to C$120.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. TD Securities cut their target price on Cargojet from C$160.00 to C$120.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Stifel Nicolaus reduced their price target on Cargojet from C$120.00 to C$100.00 in a research report on Monday, November 10th. National Bank Financial upped their price objective on shares of Cargojet from C$95.00 to C$108.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Finally, Scotiabank raised their target price on Cargojet from C$105.00 to C$115.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Nine research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Cargojet currently has a consensus rating of “Buy” and an average price target of C$124.18.

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.