Cargojet (CGJTF) Projected to Post Earnings on Wednesday

Key Points

• Cargojet is expected to report results after Wednesday’s market close, with analysts forecasting earnings of $0.599 per share and revenue of $189.58 million.
• In its prior quarter, Cargojet earned $0.48 per share, missing the $0.57 consensus estimate, while revenue of $194.16 million exceeded expectations of $184.05 million.
• Analyst sentiment is a Moderate Buy: two analysts rate the stock Buy and one rates it Hold.

Cargojet (OTCMKTS:CGJTF - Get Free Report) is expected to be releasing its results after the market closes on Wednesday, November 11th. Analysts expect Cargojet to post earnings of $0.5990 per share and revenue of $189.58 million for the quarter.

Cargojet (OTCMKTS:CGJTF - Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.09). Cargojet had a return on equity of 6.75% and a net margin of 4.48%. The firm had revenue of $194.16 million during the quarter, compared to analysts' expectations of $184.05 million.

Cargojet Stock Performance

Shares of CGJTF stock opened at $66.70 on Wednesday. The company's fifty day moving average price is $60.47 and its 200-day moving average price is $62.14. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.83. Cargojet has a 12 month low of $46.64 and a 12 month high of $73.11.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CGJTF shares. TD Securities reissued a "buy" rating on shares of Cargojet in a research report on Thursday, September 17th. BMO Capital Markets reiterated a "market perform" rating on shares of Cargojet in a report on Wednesday, August 12th. Finally, Scotiabank reiterated an "outperform" rating on shares of Cargojet in a report on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

About Cargojet

Cargojet Inc is a Canadian air cargo carrier that provides time-sensitive freight transportation and logistics services. Through its operating subsidiary, Cargojet Airways, the company transports packages, mail and other cargo for e-commerce companies, freight forwarders, integrators and other commercial customers.

Cargojet operates scheduled overnight air-cargo services across Canada, connecting major Canadian cities and regional markets. It also provides international and transborder cargo transportation, charter flights and aircraft, crew, maintenance and insurance (ACMI) services for customers that require dedicated freighter capacity.

Founded in 2001, Cargojet is headquartered in Mississauga, Ontario.

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