TSX:CJTLogistics
Cargojet (TSX:CJT) Profitability Returns, Reinforcing Value Narrative Ahead of Earnings Season
Cargojet (TSX:CJT) reported a strong turnaround to profitability this past year, with high-quality earnings and annual profit growth averaging 17.9% over the last five years. Looking forward, analysts forecast annual earnings growth of 14.9% and revenue growth of 5.9%, both outpacing Canadian market averages of 12.1% and 5.1%, respectively. The company’s Price-to-Earnings ratio stands at just 7.2x, which is well below both peer and global logistics industry benchmarks. With shares recently...