Cargojet FY2025 EPS Lifted by National Bank Financial

Cargojet Inc. (TSE:CJT - Free Report) - Investment analysts at National Bank Financial raised their FY2025 earnings per share (EPS) estimates for shares of Cargojet in a research note issued to investors on Thursday, April 24th. National Bank Financial analyst C. Doerksen now expects that the company will post earnings per share of $5.62 for the year, up from their prior estimate of $5.56. The consensus estimate for Cargojet's current full-year earnings is $5.89 per share. National Bank Financial also issued estimates for Cargojet's FY2026 earnings at $6.13 EPS.

A number of other brokerages have also recently weighed in on CJT. National Bankshares dropped their price objective on Cargojet from C$158.00 to C$151.00 and set an "outperform" rating for the company in a research note on Thursday, January 30th. Canaccord Genuity Group lifted their target price on Cargojet from C$165.00 to C$173.00 in a research report on Wednesday, February 19th. Cormark reduced their price target on shares of Cargojet from C$140.00 to C$120.00 in a research report on Wednesday, February 19th. BMO Capital Markets lowered their price objective on shares of Cargojet from C$120.00 to C$95.00 in a research note on Tuesday, April 15th. Finally, CIBC reduced their target price on shares of Cargojet from C$163.00 to C$150.00 in a report on Thursday, April 10th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Cargojet currently has an average rating of "Buy" and an average target price of C$150.64.

Cargojet Trading Up 1.5 %

Cargojet stock traded up C$1.22 during trading on Monday, hitting C$85.25. The company had a trading volume of 29,965 shares, compared to its average volume of 98,104. The stock has a market cap of C$1.36 billion, a price-to-earnings ratio of 598.29 and a beta of 0.91. The company has a current ratio of 0.56, a quick ratio of 0.79 and a debt-to-equity ratio of 98.69. Cargojet has a 1-year low of C$69.60 and a 1-year high of C$144.97. The company's 50 day simple moving average is C$84.26 and its 200-day simple moving average is C$107.58.

Cargojet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, April 4th were given a dividend of $0.35 per share. The ex-dividend date was Thursday, March 20th. This represents a $1.40 annualized dividend and a dividend yield of 1.64%. Cargojet's dividend payout ratio (DPR) is currently 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.