Research Analysts Offer Predictions for Cargojet Q4 Earnings

Cargojet Inc. (TSE:CJT) – Cormark upped their Q4 2024 earnings per share estimates for shares of Cargojet in a report issued on Wednesday, November 6th. Cormark analyst D. Ocampo now anticipates that the company will earn $1.82 per share for the quarter, up from their prior 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 analysts have also recently issued reports on CJT. National Bankshares upped their price objective 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 cut their price objective on Cargojet from C$176.00 to C$167.00 in a report on Wednesday. Scotiabank cut Cargojet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Acumen Capital increased their target price on Cargojet from C$175.00 to C$178.00 in a report on Thursday, August 15th. Finally, Canaccord Genuity Group increased their target price 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 issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$159.00.

Cargojet Price Performance

CJT opened at C$132.16 on Thursday. The stock has a 50-day moving average price of C$133.57 and a 200-day moving average price of C$127.02. Cargojet has a 12-month low of C$82.22 and a 12-month high of C$144.97. The company has a current ratio of 0.59, a quick ratio of 0.79 and a debt-to-equity ratio of 99.84. The stock has a market capitalization of C$2.13 billion, a P/E ratio of -139.12 and a beta of 0.91.

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

Cargojet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, October 4th were issued a $0.35 dividend. The ex-dividend date was Friday, September 20th. This represents a $1.40 annualized dividend and a yield of 1.06%. This is a boost from Cargojet’s previous quarterly dividend of $0.32. Cargojet’s dividend payout ratio (DPR) is -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.