National Bank Financial Weighs in on Cargojet Q2 Earnings

Cargojet Inc. (TSE:CJT - Free Report) - Equities research analysts at National Bank Financial upped their Q2 2025 earnings per share estimates for Cargojet in a report released on Monday, July 14th. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings per share of $0.91 for the quarter, up from their prior estimate of $0.82. The consensus estimate for Cargojet's current full-year earnings is $5.89 per share. National Bank Financial also issued estimates for Cargojet's FY2025 earnings at $5.85 EPS.

Several other research analysts have also recently issued reports on the stock. Stifel Canada upgraded shares of Cargojet to a "strong-buy" rating in a report on Wednesday, June 11th. CIBC reduced their price objective on Cargojet from C$163.00 to C$150.00 in a research note on Thursday, April 10th. BMO Capital Markets reduced their price objective on shares of Cargojet from C$120.00 to C$95.00 in a research report on Tuesday, April 15th. TD Securities lifted their target price on Cargojet from C$150.00 to C$154.00 and gave the company a "buy" rating in a research report on Friday, April 25th. Finally, Royal Bank Of Canada lowered their target price on shares of Cargojet from C$183.00 to C$177.00 in a research note on Monday, April 28th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Cargojet has a consensus rating of "Buy" and a consensus price target of C$148.50.

Cargojet Stock Performance

Shares of TSE CJT traded down C$0.69 during trading on Wednesday, reaching C$103.29. 94,081 shares of the stock traded hands, compared to its average volume of 91,678. Cargojet has a 52-week low of C$69.60 and a 52-week high of C$144.97. The company has a 50-day moving average of C$95.94 and a 200-day moving average of C$96.86. The company has a debt-to-equity ratio of 98.69, a current ratio of 0.56 and a quick ratio of 0.79. The stock has a market capitalization of C$1.65 billion, a P/E ratio of 724.90 and a beta of 0.91.

Cargojet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 4th. Investors of record on Friday, July 4th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Friday, June 20th. Cargojet's dividend payout ratio is 982.53%.

About Cargojet

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.