Cargojet (CGJTF) Projected to Post Earnings on Monday

Cargojet (OTCMKTS:CGJTF) is expected to announce its results after the market closes on Monday, August 10th. Analysts expect the company to announce earnings of $0.5740 per share and revenue of $184.0540 million for the quarter.

Cargojet Price Performance

CGJTF stock opened at $62.00 on Friday. Cargojet has a twelve month low of $46.64 and a twelve month high of $75.12. The company has a market cap of $923.80 million and a PE ratio of 41.61. The business’s 50-day simple moving average is $60.28 and its 200 day simple moving average is $62.53. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 1.20.

Analysts Set New Price Targets

CGJTF has been the subject of a number of research reports. TD Securities reiterated a “buy” rating on shares of Cargojet in a research report on Wednesday, May 6th. Scotiabank restated an “outperform” rating on shares of Cargojet in a research report on Thursday, July 16th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Cargojet presently 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.