Cargojet Inc. (CJT) to Issue Quarterly Dividend of $0.39 on October 5th

Cargojet Inc. (TSE:CJT) declared a quarterly dividend on Friday, September 18th. Investors of record on Monday, October 5th will be given a dividend of 0.385 per share on Monday, October 5th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, September 18th.

Cargojet Trading Up 0.3%

Shares of CJT stock opened at C$81.26 on Wednesday. The stock has a market cap of C$1.20 billion, a price-to-earnings ratio of 26.30 and a beta of 1.03. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 119.27. The company’s 50-day moving average price is C$85.21 and its 200-day moving average price is C$84.26. Cargojet has a twelve month low of C$65.60 and a twelve month high of C$100.94.

Cargojet (TSE:CJT) last released its quarterly earnings results on Monday, August 10th. The company reported C$0.47 earnings per share (EPS) for the quarter. Cargojet had a net margin of 4.49% and a return on equity of 6.30%. The business had revenue of C$275.80 million for the quarter. As a group, equities analysts predict that Cargojet will post 5.890933 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CJT shares. Acumen Capital increased their target price on Cargojet from C$115.00 to C$120.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. ATB Cormark Capital Markets lifted their price objective on shares of Cargojet from C$110.00 to C$120.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. TD increased their target price on shares of Cargojet from C$118.00 to C$127.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. National Bank Financial boosted their price target on shares of Cargojet from C$109.00 to C$112.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Finally, BMO Capital Markets increased their price objective on Cargojet from C$85.00 to C$90.00 in a research note on Wednesday, August 12th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$120.92.

About Cargojet

Cargojet is Canada’s leading provider of time-sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI and International Charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 41 aircraft.