FY2024 EPS Estimates for Cargojet Reduced by Atb Cap Markets

Cargojet Inc. (TSE:CJT) – Research analysts at Atb Cap Markets dropped their FY2024 earnings estimates for Cargojet in a research report issued on Tuesday, November 5th. Atb Cap Markets analyst C. Murray now expects that the company will post earnings per share of $4.54 for the year, down from their previous estimate of $4.78. The consensus estimate for Cargojet’s current full-year earnings is $5.89 per share. Atb Cap Markets also issued estimates for Cargojet’s Q1 2026 earnings at $1.15 EPS, Q2 2026 earnings at $1.49 EPS and Q3 2026 earnings at $2.54 EPS.

CJT has been the topic of a number of other research reports. Scotiabank lowered shares of Cargojet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Acumen Capital increased their price target on shares of Cargojet from C$175.00 to C$178.00 in a research note on Thursday, August 15th. ATB Capital dropped their price objective on shares of Cargojet from C$165.00 to C$155.00 in a research report on Wednesday. National Bankshares increased their price objective on Cargojet from C$154.00 to C$158.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, Canaccord Genuity Group upped their price target on Cargojet from C$160.00 to C$165.00 in a research note on Wednesday. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Cargojet currently has a consensus rating of “Moderate Buy” and a consensus price target of C$159.00.

Cargojet Price Performance

Cargojet stock opened at C$132.16 on Thursday. The business’s fifty day moving average is C$133.57 and its two-hundred day moving average is C$127.02. The company has a debt-to-equity ratio of 99.84, a quick ratio of 0.79 and a current ratio of 0.59. Cargojet has a 52 week low of C$82.22 and a 52 week high of C$144.97. The firm has a market cap of C$2.13 billion, a P/E ratio of -139.12 and a beta of 0.91.

Cargojet (TSE:CJT) last released its quarterly earnings data on Tuesday, August 13th. The company reported C($0.05) EPS for the quarter, missing analysts’ consensus estimates of C$1.10 by C($1.15). Cargojet had a negative return on equity of 2.13% and a negative net margin of 1.88%. The business had revenue of C$230.80 million for the quarter, compared to the consensus estimate of C$239.77 million.

Cargojet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, October 4th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.06%. This is a positive change from Cargojet’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, September 20th. Cargojet’s dividend payout ratio (DPR) is presently -147.37%.

About Cargojet

Cargojet Inc provides time sensitive overnight air cargo services and carriers in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe.