Cargojet (OTCMKTS:CGJTF – Get Free Report) released its earnings results on Wednesday. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.27, Zacks reports. The firm had revenue of $201.21 million for the quarter, compared to the consensus estimate of $190.24 million. Cargojet had a net margin of 5.14% and a return on equity of 7.96%.
Cargojet Price Performance
Shares of OTCMKTS CGJTF remained flat at $76.04 during trading on Friday. 127,548 shares of the stock were exchanged, compared to its average volume of 11,461. The firm’s 50-day moving average price is $61.61 and its 200 day moving average price is $62.21. Cargojet has a 12-month low of $50.54 and a 12-month high of $78.64. The stock has a market capitalization of $1.13 billion and a PE ratio of 28.06. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.83 and a quick ratio of 0.81.
Wall Street Analyst Weigh In
CGJTF has been the subject of several recent research reports. Scotiabank reiterated an “outperform” rating on shares of Cargojet in a report on Wednesday, August 12th. TD Securities reissued a “buy” rating on shares of Cargojet in a research note on Thursday, September 17th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Cargojet in a research report on Wednesday, August 12th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on Cargojet
About Cargojet
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.
Read More
- Five stocks we like better than Cargojet
- Costco’s Record $30 Dividend Shows Just How Strong Its Cash Machine Is
- Heavy Lifting: Can USA Rare Earth Turn Its First Sales Into Big Profits?
- These 3 Stocks Have Bought Back Billions, But Which Offers the Best Value?
- Golden Dome’s $185 Billion Question: Who Actually Gets Paid?
Receive News & Ratings for Cargojet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cargojet and related companies with MarketBeat.com's FREE daily email newsletter.
