Cargojet (OTCMKTS:CGJTF – Get Free Report) announced its earnings results on Monday. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.09), Zacks reports. Cargojet had a net margin of 4.48% and a return on equity of 6.73%. The company had revenue of $194.16 million for the quarter, compared to analyst estimates of $184.05 million.
Cargojet Stock Up 7.1%
Shares of OTCMKTS:CGJTF opened at $66.42 on Wednesday. The stock’s 50-day moving average price is $60.37 and its two-hundred day moving average price is $62.48. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 1.20. Cargojet has a 12-month low of $46.64 and a 12-month high of $75.12. The firm has a market cap of $989.66 million and a price-to-earnings ratio of 44.58.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on CGJTF shares. Scotiabank reaffirmed an “outperform” rating on shares of Cargojet in a research note on Thursday, July 16th. TD Securities reaffirmed a “buy” rating on shares of Cargojet in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Cargojet has a consensus 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.
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