Cargojet (OTCMKTS:CGJTF) Issues Earnings Results

Cargojet (OTCMKTS:CGJTF) released its earnings results on Wednesday. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.27, Zacks reports. Cargojet had a return on equity of 6.75% and a net margin of 4.48%.

Cargojet Price Performance

Shares of OTCMKTS CGJTF traded up $0.18 on Wednesday, hitting $67.88. The company’s stock had a trading volume of 4,300 shares, compared to its average volume of 11,256. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.83 and a quick ratio of 0.81. The stock has a 50 day moving average of $61.09 and a 200-day moving average of $62.17. Cargojet has a 12-month low of $50.54 and a 12-month high of $73.11. The company has a market capitalization of $1.01 billion and a price-to-earnings ratio of 34.46.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CGJTF. BMO Capital Markets restated a “market perform” rating on shares of Cargojet in a research report on Wednesday, August 12th. Scotiabank reissued an “outperform” rating on shares of Cargojet in a report on Wednesday, August 12th. Finally, TD Securities restated a “buy” rating on shares of Cargojet in a research report on Thursday, September 17th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

About Cargojet

Cargojet Inc. is a Canadian air-cargo company headquartered in Mississauga, Ontario. It operates scheduled overnight cargo services connecting major cities across Canada, along with transborder and international routes. The company provides time-sensitive air transportation for customers such as retailers, logistics providers and freight forwarders. Its services include scheduled cargo capacity, dedicated aircraft operations, charter flights and aircraft, crew, maintenance and insurance arrangements.