Cargojet (OTCMKTS:CGJTF) Posts Quarterly Earnings Results

Cargojet (OTCMKTS:CGJTF) posted its earnings results on Wednesday. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.27, Zacks reports. Cargojet had a return on equity of 6.75% and a net margin of 4.48%.

Cargojet Stock Performance

CGJTF traded up $0.18 during trading on Wednesday, hitting $67.88. The stock had a trading volume of 4,300 shares, compared to its average volume of 11,256. The firm has a market capitalization of $1.01 billion and a P/E ratio of 34.46. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 0.83. Cargojet has a twelve month low of $50.54 and a twelve month high of $73.11. The company’s 50-day moving average price is $61.09 and its 200 day moving average price is $62.17.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CGJTF shares. BMO Capital Markets reaffirmed a “market perform” rating on shares of Cargojet in a research report on Wednesday, August 12th. Scotiabank restated an “outperform” rating on shares of Cargojet in a research note on Wednesday, August 12th. Finally, TD Securities reaffirmed a “buy” rating on shares of Cargojet in a report on Thursday, September 17th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Cargojet presently has a consensus rating of “Moderate Buy”.

Cargojet Company Profile

Cargojet Inc. is a Canadian air-cargo company headquartered in Mississauga, Ontario. It operates scheduled overnight cargo services connecting major cities across Canada, along with transborder and international routes. The company provides time-sensitive air transportation for customers such as retailers, logistics providers and freight forwarders. Its services include scheduled cargo capacity, dedicated aircraft operations, charter flights and aircraft, crew, maintenance and insurance arrangements.