Cargojet (OTCMKTS:CGJTF) Posts Earnings Results, Beats Estimates By $0.32 EPS

Cargojet (OTCMKTS:CGJTF) announced its quarterly earnings results on Tuesday. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.32, Zacks reports.

Cargojet Price Performance

OTCMKTS:CGJTF remained flat at $71.05 during mid-day trading on Tuesday. The company had a trading volume of 88,652 shares, compared to its average volume of 5,883. The stock has a fifty day moving average of $66.13 and a two-hundred day moving average of $64.34. Cargojet has a 12 month low of $46.64 and a 12 month high of $81.44.

Analyst Ratings Changes

CGJTF has been the topic of a number of recent research reports. BMO Capital Markets reaffirmed a “market perform” rating on shares of Cargojet in a research report on Thursday, January 15th. Scotiabank restated an “outperform” rating on shares of Cargojet in a report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Cargojet has an average rating of “Moderate Buy”.

About Cargojet

Cargojet Inc is a Canadian-based air cargo carrier specializing in time-sensitive freight transportation. The company operates scheduled and on-demand cargo services throughout Canada and into international markets, providing next-flight-out and overnight delivery for a broad range of shippers. Cargojet’s fleet—anchored by Boeing 767-300ER freighters—is configured to handle standard palletized freight as well as specialized shipments such as temperature-controlled pharmaceuticals and high-value electronics.

Headquartered in Mississauga, Ontario, Cargojet serves major Canadian gateways including Toronto, Vancouver and Montreal, and extends its network into the United States, the Caribbean and select Latin American destinations.