Cargojet (OTCMKTS:CGJTF) Announces Earnings Results

Cargojet (OTCMKTS:CGJTF) posted its earnings results on Monday. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.09), Zacks reports. Cargojet had a net margin of 3.62% and a return on equity of 4.96%.

Cargojet Trading Up 0.1%

Shares of OTCMKTS:CGJTF traded up $0.04 during trading on Monday, reaching $62.04. The stock had a trading volume of 14,890 shares, compared to its average volume of 11,195. The business has a fifty day moving average price of $60.28 and a 200-day moving average price of $62.51. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 1.20. The stock has a market cap of $924.33 million and a P/E ratio of 41.64. Cargojet has a fifty-two week low of $46.64 and a fifty-two week high of $75.12.

Wall Street Analyst Weigh In

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