Chorus Aviation (TSE:CHR) Posts Earnings Results

Chorus Aviation (TSE:CHR) posted its quarterly earnings results on Thursday. The company reported C$0.67 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$320.19 million for the quarter. Chorus Aviation had a negative return on equity of 11.70% and a negative net margin of 7.57%.

Chorus Aviation Stock Down 0.1%

Shares of Chorus Aviation stock traded down C$0.03 during trading on Thursday, reaching C$21.05. The stock had a trading volume of 41,758 shares, compared to its average volume of 30,937. The company has a current ratio of 1.13, a quick ratio of 0.53 and a debt-to-equity ratio of 118.79. The company has a market capitalization of C$492.89 million, a price-to-earnings ratio of -17.40, a P/E/G ratio of 0.65 and a beta of 1.46. The stock has a fifty day moving average price of C$21.56 and a two-hundred day moving average price of C$21.68. Chorus Aviation has a 52 week low of C$17.62 and a 52 week high of C$24.31.

Chorus Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Monday, December 29th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.32 annualized dividend and a dividend yield of 1.5%. Chorus Aviation’s dividend payout ratio (DPR) is currently -6.61%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CHR shares. Scotiabank reduced their target price on Chorus Aviation from C$27.00 to C$26.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 21st. TD Securities increased their target price on shares of Chorus Aviation from C$30.00 to C$31.00 in a report on Monday, November 10th. Royal Bank Of Canada set a C$31.00 price target on shares of Chorus Aviation and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. Canadian Imperial Bank of Commerce lowered their price objective on shares of Chorus Aviation from C$32.00 to C$31.00 in a research report on Wednesday, January 21st. Finally, BMO Capital Markets raised their price objective on Chorus Aviation from C$26.25 to C$28.00 in a research note on Monday, November 10th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$29.40.

About Chorus Aviation

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.