Cargojet (OTCMKTS:CGJTF) Posts Quarterly Earnings Results, Beats Estimates By $0.32 EPS

Cargojet (OTCMKTS:CGJTF) posted its quarterly earnings data on Tuesday. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.32, Zacks reports. The business had revenue of $207.32 million during the quarter, compared to analysts’ expectations of $251.30 million.

Cargojet Price Performance

Shares of Cargojet stock opened at $71.05 on Wednesday. Cargojet has a fifty-two week low of $46.64 and a fifty-two week high of $81.44. The company has a fifty day moving average of $66.46 and a 200 day moving average of $64.34.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Scotiabank reaffirmed an “outperform” rating on shares of Cargojet in a report on Wednesday, January 21st. BMO Capital Markets reaffirmed a “market perform” rating on shares of Cargojet in a research note on Thursday, January 15th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average 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.