Cargojet (CGJTF) Projected to Post Quarterly Earnings on Monday

Key Points

• Cargojet is expected to report quarterly results after the close on May 4, with analysts forecasting EPS of $0.626 and revenue of $176.086 million.
• In the prior quarter the company posted EPS of $1.05 (beating estimates) but revenue of $207.32 million missed expectations; Cargojet reported a return on equity of 10.0% and a net margin of 7.97%.
• The stock has a market cap of about $864.3 million, a P/E of 55.25 and a 52‑week range of $46.64–$81.44, with analysts assigning an average rating of "Moderate Buy" (one Buy, one Hold) and firms like Scotiabank and BMO reiterating mixed positive/neutral views.

Cargojet (OTCMKTS:CGJTF - Get Free Report) is expected to be announcing its results after the market closes on Monday, May 4th. Analysts expect the company to announce earnings of $0.6260 per share and revenue of $176.0860 million for the quarter.

Cargojet (OTCMKTS:CGJTF - Get Free Report) last issued its earnings results on Tuesday, February 24th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.32. The company had revenue of $207.32 million during the quarter, compared to analysts' expectations of $251.30 million. Cargojet had a return on equity of 10.00% and a net margin of 7.97%.

Cargojet Price Performance

Shares of OTCMKTS:CGJTF opened at $58.01 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.23 and a debt-to-equity ratio of 1.31. The business has a fifty day moving average of $63.12 and a two-hundred day moving average of $61.42. The stock has a market cap of $864.34 million and a P/E ratio of 55.25. Cargojet has a 52-week low of $46.64 and a 52-week high of $81.44.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CGJTF shares. Scotiabank restated an "outperform" rating on shares of Cargojet in a report on Wednesday, January 21st. BMO Capital Markets reiterated a "market perform" rating on shares of Cargojet in a report on Thursday, January 15th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Cargojet presently has an average rating of "Moderate Buy".

About Cargojet

Cargojet Inc is a Canadian-based air cargo carrier specializing in time-sensitive freight transportation. The company operates scheduled and on-demand cargo services throughout Canada and into international markets, providing next-flight-out and overnight delivery for a broad range of shippers. Cargojet’s fleet—anchored by Boeing 767-300ER freighters—is configured to handle standard palletized freight as well as specialized shipments such as temperature-controlled pharmaceuticals and high-value electronics.

Headquartered in Mississauga, Ontario, Cargojet serves major Canadian gateways including Toronto, Vancouver and Montreal, and extends its network into the United States, the Caribbean and select Latin American destinations.

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