Stifel Canada Comments on Cargojet FY2027 Earnings

Cargojet Inc. (TSE:CJT) – Stifel Canada issued their FY2027 earnings estimates for shares of Cargojet in a note issued to investors on Sunday, November 9th. Stifel Canada analyst D. Young forecasts that the company will earn $4.56 per share for the year. The consensus estimate for Cargojet’s current full-year earnings is $5.89 per share.

Cargojet (TSE:CJT) last posted its quarterly earnings results on Wednesday, November 5th. The company reported C$0.58 earnings per share for the quarter. The business had revenue of C$219.90 million for the quarter. Cargojet had a return on equity of 0.31% and a net margin of 0.25%.

CJT has been the topic of a number of other reports. TD Securities cut their target price on Cargojet from C$160.00 to C$120.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Stifel Nicolaus lowered their price objective on shares of Cargojet from C$120.00 to C$100.00 in a report on Monday. Raymond James Financial dropped their price objective on shares of Cargojet from C$132.00 to C$95.00 in a research note on Monday. Desjardins set a C$149.00 price objective on shares of Cargojet and gave the company a “buy” rating in a report on Wednesday, October 1st. Finally, National Bankshares decreased their target price on shares of Cargojet from C$123.00 to C$120.00 and set an “outperform” rating for the company in a research report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to MarketBeat.com, Cargojet presently has a consensus rating of “Buy” and a consensus target price of C$133.15.

Cargojet Trading Up 5.0%

Shares of Cargojet stock opened at C$72.23 on Tuesday. The stock has a market capitalization of C$1.13 billion, a PE ratio of 9.18 and a beta of 0.85. Cargojet has a 52 week low of C$65.60 and a 52 week high of C$135.13. The stock has a 50 day moving average price of C$87.98 and a two-hundred day moving average price of C$93.96. The company has a debt-to-equity ratio of 98.69, a quick ratio of 0.79 and a current ratio of 0.56.

Cargojet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 19th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.9%. Cargojet’s dividend payout ratio is currently 17.79%.

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.