Cargojet (OTCMKTS:CGJTF – Get Free Report) announced its quarterly earnings data on Monday. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.16), Zacks reports. Cargojet had a return on equity of 10.00% and a net margin of 7.97%.
Cargojet Stock Down 2.3%
Shares of OTCMKTS CGJTF traded down $1.30 during midday trading on Monday, hitting $55.95. The stock had a trading volume of 15,871 shares, compared to its average volume of 10,606. The business’s 50 day moving average is $62.06 and its 200-day moving average is $61.34. Cargojet has a 52 week low of $46.64 and a 52 week high of $81.44. The company has a quick ratio of 1.20, a current ratio of 1.23 and a debt-to-equity ratio of 1.31. The company has a market cap of $833.66 million and a P/E ratio of 53.29.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on CGJTF. Scotiabank reissued an “outperform” rating on shares of Cargojet in a research report on Wednesday, January 21st. BMO Capital Markets reiterated a “market perform” rating on shares of Cargojet in a research note on Thursday, January 15th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company 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.
Further Reading
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