Cargojet (OTCMKTS:CGJTF) Releases Quarterly Earnings Results, Misses Expectations By $0.09 EPS

Cargojet (OTCMKTS:CGJTF) released its quarterly earnings data on Monday. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.09), Zacks reports. Cargojet had a net margin of 3.62% and a return on equity of 4.96%. The company had revenue of $194.16 million during the quarter, compared to the consensus estimate of $184.05 million.

Cargojet Price Performance

Shares of CGJTF opened at $62.04 on Tuesday. The business’s fifty day moving average is $60.28 and its 200 day moving average is $62.48. Cargojet has a 12-month low of $46.64 and a 12-month high of $75.12. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 1.20. The stock has a market cap of $924.40 million and a P/E ratio of 41.64.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CGJTF. Scotiabank reissued an “outperform” rating on shares of Cargojet in a research note on Thursday, July 16th. TD Securities reaffirmed a “buy” rating on shares of Cargojet in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently 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.