Q4 Earnings Forecast for Cargojet Issued By Atb Cap Markets

Cargojet Inc. (TSE:CJT) – Investment analysts at Atb Cap Markets reduced their Q4 2024 earnings estimates for Cargojet in a note issued to investors on Tuesday, November 5th. Atb Cap Markets analyst C. Murray now forecasts that the company will post earnings of $1.26 per share for the quarter, down from their prior forecast of $1.88. The consensus estimate for Cargojet’s current full-year earnings is $5.89 per share. Atb Cap Markets also issued estimates for Cargojet’s Q1 2025 earnings at $0.84 EPS, Q2 2025 earnings at $1.12 EPS, Q3 2025 earnings at $2.02 EPS, Q4 2025 earnings at $1.68 EPS, FY2025 earnings at $5.66 EPS and FY2026 earnings at $7.72 EPS.

A number of other research firms also recently issued reports on CJT. Cormark upped their target price on shares of Cargojet from C$135.00 to C$140.00 in a research report on Thursday, August 15th. Canaccord Genuity Group raised their price objective on shares of Cargojet from C$160.00 to C$165.00 in a research note on Wednesday. Acumen Capital lifted their target price on shares of Cargojet from C$175.00 to C$178.00 in a report on Thursday, August 15th. TD Securities cut their price target on Cargojet from C$176.00 to C$167.00 in a research note on Wednesday. Finally, National Bankshares upped their price objective on Cargojet from C$154.00 to C$158.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$159.00.

Cargojet Trading Up 3.7 %

CJT stock opened at C$137.05 on Friday. The business has a fifty day moving average of C$133.73 and a 200-day moving average of C$127.21. The company has a quick ratio of 0.79, a current ratio of 0.59 and a debt-to-equity ratio of 99.84. The company has a market cap of C$2.21 billion, a P/E ratio of -144.26 and a beta of 0.91. Cargojet has a twelve month low of C$82.22 and a twelve month high of C$144.97.

Cargojet (TSE:CJT) last released its quarterly earnings results on Tuesday, August 13th. The company reported C($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of C$1.10 by C($1.15). The business had revenue of C$230.80 million for the quarter, compared to analyst estimates of C$239.77 million. Cargojet had a negative net margin of 1.88% and a negative return on equity of 2.13%.

Cargojet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, October 4th were given a $0.35 dividend. This is a boost from Cargojet’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Friday, September 20th. Cargojet’s payout ratio is currently -147.37%.

Cargojet Company Profile

Cargojet Inc provides time sensitive overnight air cargo services and carriers in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe.