Cargojet (OTCMKTS:CGJTF) Announces Earnings Results

Cargojet (OTCMKTS:CGJTF) issued its quarterly earnings data on Tuesday. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.73 by $0.32, Zacks reports. The firm had revenue of $207.32 million during the quarter, compared to the consensus estimate of $251.30 million.

Cargojet Trading Up 7.6%

Shares of OTCMKTS CGJTF traded up $5.15 during mid-day trading on Thursday, reaching $72.79. The company had a trading volume of 253 shares, compared to its average volume of 10,032. Cargojet has a 52 week low of $46.64 and a 52 week high of $81.44. The business’s 50-day moving average is $66.65 and its 200-day moving average is $64.36.

Wall Street Analyst Weigh In

Several research analysts recently commented on CGJTF shares. Scotiabank reiterated an “outperform” rating on shares of Cargojet in a research report on Wednesday, January 21st. BMO Capital Markets reaffirmed a “market perform” rating on shares of Cargojet in a research note on Thursday, January 15th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus 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.