National Bank Financial Predicts Cargojet Q4 Earnings

Cargojet Inc. (TSE:CJT) – Stock analysts at National Bank Financial dropped their Q4 2024 earnings per share estimates for Cargojet in a research report issued to clients and investors on Monday, January 20th. National Bank Financial analyst C. Doerksen now expects that the company will post earnings per share of $1.41 for the quarter, down from their prior forecast of $1.65. The consensus estimate for Cargojet’s current full-year earnings is $5.89 per share.

Cargojet (TSE:CJT) last issued its quarterly earnings results on Monday, November 4th. The company reported C$1.48 EPS for the quarter, topping the consensus estimate of C$1.14 by C$0.34. Cargojet had a negative net margin of 1.88% and a negative return on equity of 2.13%. During the same quarter in the previous year, the business posted $0.30 earnings per share.

Other research analysts have also issued reports about the company. Scotiabank reduced their price target on Cargojet from C$174.00 to C$170.00 in a research report on Monday. Canaccord Genuity Group raised their target price on Cargojet from C$160.00 to C$165.00 in a report on Wednesday, November 6th. CIBC boosted their target price on Cargojet from C$172.00 to C$177.00 in a research report on Wednesday, December 4th. National Bankshares cut their price target on shares of Cargojet from C$158.00 to C$151.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, ATB Capital decreased their price objective on shares of Cargojet from C$165.00 to C$155.00 in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$160.50.

Cargojet Price Performance

CJT opened at C$121.38 on Wednesday. The company has a fifty day moving average price of C$115.12 and a two-hundred day moving average price of C$125.76. The firm has a market capitalization of C$1.96 billion, a PE ratio of -127.77 and a beta of 0.91. Cargojet has a 52 week low of C$100.01 and a 52 week high of C$144.97. The company has a debt-to-equity ratio of 99.84, a quick ratio of 0.79 and a current ratio of 0.59.

Cargojet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Friday, December 20th. Cargojet’s payout ratio is currently -147.37%.

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.