Cormark Has Negative Estimate for Cargojet Q1 Earnings

Cargojet Inc. (TSE:CJT) – Cormark cut their Q1 2025 EPS estimates for Cargojet in a research note issued to investors on Wednesday, February 19th. Cormark analyst D. Ocampo now expects that the company will post earnings of $1.09 per share for the quarter, down from their previous forecast of $1.29. The consensus estimate for Cargojet’s current full-year earnings is $5.89 per share. Cormark also issued estimates for Cargojet’s Q2 2025 earnings at $1.06 EPS, Q3 2025 earnings at $1.53 EPS, Q4 2025 earnings at $2.05 EPS, FY2025 earnings at $5.74 EPS, Q3 2026 earnings at $1.80 EPS, Q4 2026 earnings at $2.35 EPS and FY2026 earnings at $6.69 EPS.

A number of other brokerages have also recently weighed in on CJT. Canaccord Genuity Group lifted their price objective on shares of Cargojet from C$160.00 to C$165.00 in a research note on Wednesday, November 6th. ATB Capital lowered their price objective on shares of Cargojet from C$165.00 to C$155.00 in a research note on Wednesday, November 6th. Canaccord Genuity Group increased their price target on Cargojet from C$165.00 to C$173.00 in a research note on Wednesday. CIBC dropped their price objective on Cargojet from C$177.00 to C$163.00 in a research note on Wednesday. Finally, Scotiabank decreased their target price on Cargojet from C$170.00 to C$165.00 in a research note on Wednesday. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$158.45.

Cargojet Stock Performance

CJT stock opened at C$105.08 on Friday. The stock’s fifty day moving average is C$112.76 and its two-hundred day moving average is C$123.05. The stock has a market capitalization of C$1.68 billion, a price-to-earnings ratio of 737.46 and a beta of 0.91. 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 has a 1 year low of C$100.01 and a 1 year high of C$144.97.

Cargojet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.33%. Cargojet’s dividend payout ratio is presently 982.53%.

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.