Cargojet (CGJTF) to Release Quarterly Earnings on Tuesday

Cargojet (OTCMKTS:CGJTF) is projected to issue its results before the market opens on Tuesday, February 24th. Analysts expect the company to announce earnings of $0.7290 per share and revenue of $251.30 million for the quarter.

Cargojet Price Performance

CGJTF opened at $71.05 on Friday. The stock has a fifty day moving average of $65.81 and a 200-day moving average of $64.39. Cargojet has a fifty-two week low of $46.64 and a fifty-two week high of $81.44.

Analyst Ratings Changes

Several analysts have weighed in on CGJTF shares. BMO Capital Markets reiterated a “market perform” rating on shares of Cargojet in a research note on Thursday, January 15th. Scotiabank reaffirmed an “outperform” rating on shares of Cargojet in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

About Cargojet

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.