Cargojet (OTCMKTS:CGJTF) Posts Quarterly Earnings Results, Misses Expectations By $0.16 EPS

Cargojet (OTCMKTS:CGJTF) posted its quarterly earnings results on Monday. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.16), Zacks reports. Cargojet had a net margin of 7.97% and a return on equity of 10.00%.

Cargojet Trading Down 2.3%

Shares of Cargojet stock traded down $1.30 during mid-day trading on Monday, hitting $55.95. The stock had a trading volume of 15,871 shares, compared to its average volume of 10,831. The firm has a 50-day moving average of $62.06 and a two-hundred day moving average of $61.34. 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 12-month low of $46.64 and a 12-month high of $81.44. The firm has a market cap of $833.66 million and a P/E ratio of 53.29.

Wall Street Analyst Weigh In

CGJTF has been the subject of several analyst reports. Scotiabank reissued an “outperform” rating on shares of Cargojet in a research note on Wednesday, January 21st. BMO Capital Markets reissued a “market perform” rating on shares of Cargojet in a research note on Thursday, January 15th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Cargojet currently 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.