Cargojet (CGJTF) Expected to Announce Quarterly Earnings on Monday

Cargojet (OTCMKTS:CGJTF) is projected to issue its results after the market closes on Monday, May 4th. Analysts expect the company to announce earnings of $0.5980 per share and revenue of $175.56 million for the quarter.

Cargojet (OTCMKTS:CGJTF) last released its earnings results on Tuesday, February 24th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.32. The company had revenue of $207.32 million for the quarter, compared to analyst estimates of $251.30 million. Cargojet had a net margin of 7.97% and a return on equity of 10.00%.

Cargojet Price Performance

Cargojet stock opened at $57.25 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.23 and a debt-to-equity ratio of 1.31. Cargojet has a 52-week low of $46.64 and a 52-week high of $81.44. The company’s 50 day moving average is $62.06 and its two-hundred day moving average is $61.33. The firm has a market cap of $853.03 million and a PE ratio of 54.52.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CGJTF shares. BMO Capital Markets reiterated a “market perform” rating on shares of Cargojet in a research report on Thursday, January 15th. Scotiabank reiterated an “outperform” rating on shares of Cargojet in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Cargojet Company Profile

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.