Chorus Aviation Inc. to Post FY2024 Earnings of $0.01 Per Share, National Bank Financial Forecasts (TSE:CHR)

Chorus Aviation Inc. (TSE:CHR) – Analysts at National Bank Financial dropped their FY2024 earnings per share (EPS) estimates for Chorus Aviation in a report issued on Wednesday, August 14th. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings of $0.01 per share for the year, down from their previous forecast of $0.18. The consensus estimate for Chorus Aviation’s current full-year earnings is $0.23 per share. National Bank Financial also issued estimates for Chorus Aviation’s FY2025 earnings at $0.26 EPS.

Several other research firms have also commented on CHR. CIBC lowered their target price on Chorus Aviation from C$3.50 to C$3.25 in a report on Thursday, August 15th. Cormark raised Chorus Aviation from a “market perform” rating to a “buy” rating and upped their target price for the company from C$2.50 to C$4.05 in a report on Wednesday, July 31st. Scotiabank upped their target price on Chorus Aviation from C$3.00 to C$3.25 in a report on Wednesday, July 31st. National Bankshares upped their target price on Chorus Aviation from C$3.65 to C$3.85 in a report on Thursday, August 15th. Finally, Canaccord Genuity Group lowered their target price on Chorus Aviation from C$2.60 to C$2.50 and set a “hold” rating for the company in a report on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$3.21.

Chorus Aviation Stock Down 0.4 %

Shares of Chorus Aviation stock opened at C$2.53 on Monday. The firm has a market cap of C$487.08 million, a P/E ratio of 11.50, a P/E/G ratio of 0.65 and a beta of 2.14. The business has a 50-day moving average price of C$2.51 and a 200 day moving average price of C$2.30. Chorus Aviation has a fifty-two week low of C$1.99 and a fifty-two week high of C$3.25. The company has a quick ratio of 0.53, a current ratio of 0.67 and a debt-to-equity ratio of 124.08.

Chorus Aviation Company Profile

Chorus Aviation Inc, through its subsidiaries, provides aviation solutions. It operates through Regional Aviation Services and Regional Aircraft Leasing segments. The Regional Aviation Services segment provides contract flying services, charter services, and specialized contract flying, such as medical, logistical, and humanitarian flights; aircraft leasing; and maintenance, repair and overhaul services, and part sales and technical services, as well as pilot training services.