Cargojet (OTCMKTS:CGJTF) Posts 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.09), Zacks reports. Cargojet had a return on equity of 4.96% and a net margin of 3.62%.

Cargojet Trading Up 0.1%

Shares of Cargojet stock traded up $0.04 on Monday, hitting $62.04. The stock had a trading volume of 14,890 shares, compared to its average volume of 11,195. The stock has a 50 day moving average of $60.28 and a 200 day moving average of $62.51. The firm has a market capitalization of $924.33 million and a P/E ratio of 41.64. Cargojet has a twelve month low of $46.64 and a twelve month high of $75.12. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.88 and a current ratio of 0.91.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CGJTF shares. Scotiabank reaffirmed an “outperform” rating on shares of Cargojet in a research note on Thursday, July 16th. TD Securities reissued a “buy” rating on shares of Cargojet in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, 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.