Cargojet (TSE:CJT – Get Free Report) will be announcing its earnings results before the market opens on Monday, April 29th. Analysts expect the company to announce earnings of C$0.71 per share for the quarter.
Cargojet (TSE:CJT – Get Free Report) last issued its earnings results on Monday, February 26th. The company reported C($0.14) EPS for the quarter, missing the consensus estimate of C$0.88 by C($1.02). The firm 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 Performance
Shares of CJT opened at C$115.59 on Friday. The company has a debt-to-equity ratio of 101.87, a current ratio of 1.49 and a quick ratio of 0.79. The stock has a 50-day moving average of C$112.38 and a 200-day moving average of C$107.33. The company has a market cap of C$1.95 billion, a PE ratio of 53.02 and a beta of 1.03. Cargojet has a one year low of C$76.50 and a one year high of C$124.94.
Cargojet Increases Dividend
Analysts Set New Price Targets
A number of research firms have issued reports on CJT. National Bankshares lifted their price target on Cargojet from C$109.00 to C$129.00 and gave the company a “sector perform” rating in a research note on Friday, January 5th. Acumen Capital lifted their target price on shares of Cargojet from C$160.00 to C$165.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Laurentian raised shares of Cargojet from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$102.00 to C$150.00 in a research report on Tuesday, January 16th. Cormark dropped their target price on shares of Cargojet from C$121.00 to C$120.00 in a research report on Tuesday, February 27th. Finally, BMO Capital Markets lifted their target price on shares of Cargojet from C$110.00 to C$115.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Cargojet presently has an average rating of “Moderate Buy” and a consensus target price of C$148.18.
Get Our Latest Stock Report on CJT
Cargojet Company Profile
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.
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