Chorus Aviation (TSE:CHR) Announces Quarterly Earnings Results

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

Chorus Aviation Stock Performance

Shares of TSE:CHR opened at C$21.05 on Friday. The stock has a market capitalization of C$492.89 million, a P/E ratio of -17.40, a P/E/G ratio of 0.65 and a beta of 1.46. The company has a current ratio of 1.13, a quick ratio of 0.53 and a debt-to-equity ratio of 118.79. Chorus Aviation has a 1-year low of C$17.62 and a 1-year high of C$24.31. The business has a 50-day moving average price of C$21.55 and a two-hundred day moving average price of C$21.68.

Chorus Aviation Announces Dividend

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

Wall Street Analysts Forecast Growth

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