Cargojet (TSE:CJT – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported C$1.21 earnings per share for the quarter, FiscalAI reports. Cargojet had a return on equity of 6.30% and a net margin of 4.49%. The firm had revenue of C$286.50 million during the quarter.
Cargojet Stock Performance
Shares of TSE CJT traded up C$1.37 during midday trading on Wednesday, hitting C$98.62. The company’s stock had a trading volume of 162,398 shares, compared to its average volume of 102,971. Cargojet has a 1-year low of C$69.05 and a 1-year high of C$100.87. The firm’s fifty day moving average price is C$85.93 and its 200-day moving average price is C$86.17. The company has a debt-to-equity ratio of 119.27, a quick ratio of 0.79 and a current ratio of 0.83. The firm has a market cap of C$1.46 billion, a P/E ratio of 31.92 and a beta of 0.72.
Cargojet Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Monday, October 5th were issued a $0.3850 dividend. The ex-dividend date of this dividend was Friday, September 18th. This represents a $1.54 annualized dividend and a dividend yield of 1.6%. Cargojet’s payout ratio is 47.57%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on CJT shares. Desjardins upped their target price on Cargojet from C$126.00 to C$135.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. ATB Cormark Capital Markets raised their price target on shares of Cargojet from C$110.00 to C$120.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Acumen Capital raised their price target on shares of Cargojet from C$115.00 to C$120.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. TD set a C$128.00 price target on shares of Cargojet and gave the stock a “buy” rating in a research note on Friday, October 2nd. Finally, Scotiabank lifted their price target on shares of Cargojet from C$120.00 to C$125.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, August 12th. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$121.09.
Cargojet Company Profile
Cargojet is Canada’s leading provider of time-sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI and International Charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 41 aircraft.
Featured Stories
- Five stocks we like better than Cargojet
- Keeping AI Cool: AAON Rides the AI Heatwave to Record Growth
- AST SpaceMobile Has a New Rocket Plan, But Its Cash-Burn Problem Isn’t Going Away
- Powering Up the Moon: Redwire’s $40 Million NASA Award
- Can Constellation Energy’s Contracts Power a Stock Rebound?
Receive News & Ratings for Cargojet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cargojet and related companies with MarketBeat.com's FREE daily email newsletter.
