Cargojet FY2025 EPS Boosted by National Bank Financial

Cargojet Inc. (TSE:CJT) – Stock analysts at National Bank Financial boosted their FY2025 earnings estimates for shares of Cargojet in a report released on Tuesday, November 5th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings of $5.75 per share for the year, up from their previous forecast of $5.62. The consensus estimate for Cargojet’s current full-year earnings is $5.89 per share.

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

CJT has been the topic of a number of other research reports. National Bankshares upped their price target on shares of Cargojet from C$154.00 to C$158.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Acumen Capital upped their price target on shares of Cargojet from C$175.00 to C$178.00 in a research note on Thursday, August 15th. Scotiabank lowered shares of Cargojet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Cormark upped their price target on shares of Cargojet from C$135.00 to C$140.00 in a research note on Thursday, August 15th. Finally, TD Securities decreased their price target on shares of Cargojet from C$176.00 to C$167.00 in a research note on Wednesday. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$159.00.

Cargojet Stock Up 1.9 %

Shares of CJT opened at C$132.16 on Thursday. Cargojet has a 52 week low of C$82.22 and a 52 week high of C$144.97. The firm has a market cap of C$2.13 billion, a P/E ratio of -139.12 and a beta of 0.91. The firm’s 50-day simple moving average is C$133.57 and its 200 day simple moving average is C$127.02. The company has a debt-to-equity ratio of 99.84, a quick ratio of 0.79 and a current ratio of 0.59.

Cargojet Increases Dividend

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