Cargojet (CJT) Scheduled to Post Quarterly Earnings on Monday

Cargojet (TSE:CJT) is set to release its earnings data before the market opens on Monday, April 29th. Analysts expect Cargojet to post earnings of C$0.71 per share for the quarter.

Cargojet (TSE:CJT) last announced its quarterly earnings data on Monday, February 26th. The company reported C($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.88 by C($1.02). The business had revenue of C$221.90 million during the quarter, compared to analyst estimates of C$250.58 million. Cargojet had a net margin of 4.25% and a return on equity of 4.62%.

Cargojet Stock Up 0.4 %

Shares of TSE:CJT opened at C$110.86 on Monday. Cargojet has a 1 year low of C$76.50 and a 1 year high of C$124.94. The company has a market capitalization of C$1.87 billion, a price-to-earnings ratio of 50.85 and a beta of 1.03. The business’s 50-day moving average is C$112.78 and its 200-day moving average is C$106.90. The company has a debt-to-equity ratio of 101.87, a current ratio of 1.49 and a quick ratio of 0.79.

Cargojet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Wednesday, March 20th were given a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 1.14%. This is a positive change from Cargojet’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, March 19th. Cargojet’s payout ratio is presently 57.80%.

Analysts Set New Price Targets

CJT has been the subject of a number of research analyst reports. Laurentian raised Cargojet from a “hold” rating to a “buy” rating and boosted their target price for the company from C$102.00 to C$150.00 in a research report on Tuesday, January 16th. Royal Bank of Canada decreased their price objective on Cargojet from C$187.00 to C$184.00 and set an “outperform” rating for the company in a report on Tuesday, January 16th. National Bankshares boosted their price objective on Cargojet from C$109.00 to C$129.00 and gave the stock a “sector perform” rating in a report on Friday, January 5th. TD Securities decreased their price objective on Cargojet from C$170.00 to C$155.00 and set a “buy” rating for the company in a report on Tuesday, January 16th. Finally, Acumen Capital boosted their price objective on Cargojet from C$160.00 to C$165.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$148.20.

About Cargojet

Cargojet Inc provides time sensitive overnight air cargo services and carriers in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe.