Chorus Aviation (TSE:CHR) Announces Quarterly Earnings Results

Chorus Aviation (TSE:CHR) announced its quarterly earnings results on Tuesday. The company reported C$0.83 earnings per share (EPS) for the quarter, FiscalAI reports. Chorus Aviation had a net margin of 5.16% and a return on equity of 12.73%.

Chorus Aviation Price Performance

CHR traded up C$0.13 during trading hours on Tuesday, hitting C$24.73. The company’s stock had a trading volume of 30,062 shares, compared to its average volume of 36,001. The business’s 50-day moving average price is C$24.51 and its 200-day moving average price is C$23.45. Chorus Aviation has a 12 month low of C$19.56 and a 12 month high of C$25.45. The stock has a market cap of C$568.34 million, a price-to-earnings ratio of 9.51, a P/E/G ratio of 0.65 and a beta of 1.78. The company has a current ratio of 1.38, a quick ratio of 0.53 and a debt-to-equity ratio of 76.81.

Chorus Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were issued a $0.11 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.8%. Chorus Aviation’s dividend payout ratio (DPR) is 10.38%.

Wall Street Analysts Forecast Growth

Separately, TD increased their price objective on shares of Chorus Aviation from C$32.00 to C$33.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$31.00.

Chorus Aviation Company Profile

Chorus is a holding company which owns the following principal operating subsidiaries: Jazz Aviation, the largest regional operator in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation, a leading provider of specialty charter, aircraft modifications, parts provisioning and in-service support services; Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines; and Elisen & Associates, a leading provider of aerospace engineering and certification services.