TSX:CJTLogistics
Cargojet (TSX:CJT) Stock Faces Margin Pressure Behind Revenue Growth
Cargojet stock came into this earnings print on a quiet upswing, with gains over the past week, month and quarter, then faced a fresh reality check as investors weighed how much profit the business is actually keeping. The headline is simple: Revenue reached CA$275.8m in Q2 and basic earnings per share landed at CA$0.47. Yet trailing net profit margins sit at 4.5%, while the stock trades on a P/E of 30.1x. The market is now deciding whether this margin profile justifies that premium price...