FY2025 EPS Estimates for Cargojet Increased by Analyst

Cargojet Inc. (TSE:CJT) – Equities research analysts at National Bank Financial upped their FY2025 earnings per share (EPS) estimates for Cargojet in a research note issued on Tuesday, February 18th. National Bank Financial analyst C. Doerksen now expects that the company will earn $5.56 per share for the year, up from their previous estimate of $5.54. The consensus estimate for Cargojet’s current full-year earnings is $5.89 per share.

CJT has been the topic of several other reports. CIBC reduced their price target on Cargojet from C$177.00 to C$163.00 in a report on Wednesday. ATB Capital reduced their price target on Cargojet from C$165.00 to C$155.00 in a report on Wednesday, November 6th. Canaccord Genuity Group increased their price objective on Cargojet from C$160.00 to C$165.00 in a research note on Wednesday, November 6th. Royal Bank of Canada increased their price objective on Cargojet from C$189.00 to C$193.00 in a research note on Wednesday. Finally, National Bankshares dropped their price objective on Cargojet from C$158.00 to C$151.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Cargojet has an average rating of “Moderate Buy” and a consensus price target of C$158.45.

Cargojet Trading Down 3.6 %

Shares of TSE CJT opened at C$101.34 on Friday. The company has a debt-to-equity ratio of 98.69, a quick ratio of 0.79 and a current ratio of 0.56. The business’s 50 day moving average price is C$112.62 and its 200-day moving average price is C$122.90. Cargojet has a fifty-two week low of C$100.01 and a fifty-two week high of C$144.97. The company has a market cap of C$1.62 billion, a price-to-earnings ratio of 711.21 and a beta of 0.91.

Cargojet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 20th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.38%. Cargojet’s dividend payout ratio (DPR) is presently 982.53%.

About Cargojet

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.