Research Analysts Offer Predictions for Cargojet Q4 Earnings

Cargojet Inc. (TSE:CJT) – Stock analysts at Cormark raised their Q4 2024 earnings per share estimates for Cargojet in a report released on Wednesday, November 6th. Cormark analyst D. Ocampo now forecasts that the company will post earnings per share of $1.82 for the quarter, up from their previous forecast of $1.80. The consensus estimate for Cargojet’s current full-year earnings is $5.89 per share. Cormark also issued estimates for Cargojet’s Q1 2025 earnings at $1.29 EPS, Q2 2025 earnings at $1.36 EPS, Q3 2025 earnings at $1.59 EPS and FY2025 earnings at $6.24 EPS.

A number of other equities research analysts also recently weighed in on CJT. Acumen Capital lifted their target price on Cargojet from C$175.00 to C$178.00 in a report on Thursday, August 15th. Scotiabank downgraded Cargojet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. National Bankshares lifted their target price on Cargojet from C$154.00 to C$158.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. TD Securities lowered their target price on Cargojet from C$176.00 to C$167.00 in a report on Wednesday. Finally, Canaccord Genuity Group boosted their price objective on Cargojet from C$160.00 to C$165.00 in a report on Wednesday. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$159.00.

Cargojet Price Performance

Shares of CJT opened at C$132.16 on Thursday. Cargojet has a 1 year low of C$82.22 and a 1 year high of C$144.97. The company has a debt-to-equity ratio of 99.84, a current ratio of 0.59 and a quick ratio of 0.79. The company has a market capitalization of C$2.13 billion, a price-to-earnings ratio of -139.12 and a beta of 0.91. The business has a 50-day moving average of C$133.57 and a 200-day moving average of C$127.02.

Cargojet (TSE:CJT) last announced its quarterly earnings results on Tuesday, August 13th. The company reported C($0.05) EPS for the quarter, missing analysts’ consensus estimates of C$1.10 by C($1.15). Cargojet had a negative net margin of 1.88% and a negative return on equity of 2.13%. The firm had revenue of C$230.80 million for the quarter, compared to analyst estimates of C$239.77 million.

Cargojet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, October 4th were given a dividend of $0.35 per share. This is a boost from Cargojet’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, September 20th. This represents a $1.40 annualized dividend and a dividend yield of 1.06%. Cargojet’s payout ratio is presently -147.37%.

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.