Cargojet Inc (CJT) Set to Announce Quarterly Earnings on Tuesday
Cargojet Inc (TSE:CJT) will be announcing its earnings results before the market opens on Tuesday, August 8th. Analysts expect the company to announce earnings of $0.35 per share for the quarter.
Cargojet Inc (TSE:CJT) opened at 50.38 on Monday. The stock’s 50 day moving average is $47.80 and its 200-day moving average is $46.65. Cargojet Inc has a 52-week low of $33.35 and a 52-week high of $52.56. The stock has a market capitalization of $541.28 million and a price-to-earnings ratio of 899.64.
In other news, insider Paul David Rinaldo sold 5,903 shares of the firm’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of C$46.75, for a total transaction of C$275,965.25.
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Separately, Raymond James Financial, Inc. decreased their price objective on shares of Cargojet from C$57.00 to C$55.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 16th. Six equities research analysts have rated the stock with a buy rating, Cargojet presently has an average rating of “Buy” and a consensus price target of C$55.60.
Cargojet Inc is a provider of time sensitive overnight air cargo services. The Company’s cargo business comprises operating a domestic overnight air cargo co-load network between over 10 Canadian cities; providing aircraft to customers on an aircraft, crew, maintenance and insurance (ACMI) basis, operating between points in Canada, the United States and Europe; operating scheduled international routes for multiple cargo customers between the United States and Bermuda, and between Canada and Europe, and providing dedicated aircraft to customers on an adhoc charter basis operating between points in Canada, the United States and other international destinations.
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