National Bank Financial Predicts Cargojet Q2 Earnings

Cargojet Inc. (TSE:CJT - Free Report) - Analysts at National Bank Financial increased their Q2 2025 EPS estimates for Cargojet in a research note issued to investors on Monday, July 14th. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings of $0.91 per share for the quarter, up from their prior forecast 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.

A number of other equities research analysts have also weighed in on CJT. Scotiabank reduced their price objective on shares of Cargojet from C$165.00 to C$139.00 and set an "outperform" rating on the stock in a report on Wednesday, April 2nd. BMO Capital Markets reduced their price objective on shares of Cargojet from C$120.00 to C$95.00 in a report on Tuesday, April 15th. Royal Bank Of Canada cut their price target on shares of Cargojet from C$183.00 to C$177.00 in a research note on Monday, April 28th. TD Securities lifted their price target on shares of Cargojet from C$150.00 to C$154.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Finally, CIBC cut their price target on shares of Cargojet from C$163.00 to C$150.00 in a research note on Thursday, April 10th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of C$148.50.

Cargojet Stock Down 1.3%

Cargojet stock traded down C$1.36 during mid-day trading on Wednesday, reaching C$101.58. 56,589 shares of the company's stock were exchanged, compared to its average volume of 91,076. The company has a market cap of C$1.63 billion, a P/E ratio of 712.90 and a beta of 0.91. Cargojet has a twelve month low of C$69.60 and a twelve month high of C$144.97. The company has a quick ratio of 0.79, a current ratio of 0.56 and a debt-to-equity ratio of 98.69. The company has a fifty day moving average of C$96.78 and a 200-day moving average of C$96.86.

Cargojet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 4th. Shareholders 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 1.38%. The ex-dividend date was Friday, June 20th. Cargojet's payout ratio is currently 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.