Cargojet (CJT) Posts Quarterly Earnings, Beats Estimates By $0.08 EPS
Cargojet (TSE:CJT) posted its quarterly earnings results on Tuesday. The company reported ($0.08) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.16) by $0.08, AnalystRatingsNetwork reports.
Shares of Cargojet (TSE:CJT) opened at 22.45 on Tuesday. Cargojet has a 1-year low of $10.25 and a 1-year high of $23.52. The stock has a 50-day moving average of $22.05 and a 200-day moving average of $20.26. The company has a market cap of $198.5 million and a P/E ratio of 80.89.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 3rd. Investors of record on Friday, September 19th will be given a dividend of $0.1491 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.66%.
CJT has been the subject of a number of recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Cargojet from C$23.00 to C$25.00 in a research note on Tuesday. On the ratings front, analysts at NBF raised their price target on shares of Cargojet from C$23.00 to C$25.00 in a research note on Tuesday. Finally, analysts at RBC Capital reiterated a “top pick” rating on shares of Cargojet in a research note on Thursday, May 15th. They now have a C$25.00 price target on the stock, down previously from C$26.00. One investment analyst has rated the stock with a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Strong Buy” and a consensus price target of C$21.90.
Cargojet Inc (TSE:CJT) is a provider of time-sensitive overnight air cargo services.
Receive News & Ratings for Cargojet Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cargojet Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.