Cargojet (OTCMKTS:CGJTF – Get Free Report) is anticipated to post its results after the market closes on Wednesday, November 11th. Analysts expect the company to announce earnings of $0.5990 per share and revenue of $189.58 million for the quarter.
Cargojet (OTCMKTS:CGJTF – Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.09). The firm had revenue of $194.16 million during the quarter, compared to analysts’ expectations of $184.05 million. Cargojet had a return on equity of 6.75% and a net margin of 4.48%.
Cargojet Price Performance
CGJTF stock opened at $66.70 on Wednesday. The stock’s 50 day simple moving average is $60.47 and its 200 day simple moving average is $62.14. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 1.16. Cargojet has a 12-month low of $46.64 and a 12-month high of $73.11.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on CGJTF shares. TD Securities restated a “buy” rating on shares of Cargojet in a research note on Thursday, September 17th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Cargojet in a research report on Wednesday, August 12th. Finally, Scotiabank reiterated an “outperform” rating on shares of Cargojet in a report on Wednesday, August 12th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.
Get Our Latest Stock Analysis on CGJTF
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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