Chorus Aviation (TSE:CHR) Releases Quarterly Earnings Results

Chorus Aviation (TSE:CHR) posted its quarterly earnings results on Tuesday. The company reported C$0.83 earnings per share for the quarter, FiscalAI reports. Chorus Aviation had a return on equity of 12.73% and a net margin of 5.16%.The firm had revenue of C$349.42 million for the quarter.

Chorus Aviation Price Performance

Shares of TSE CHR traded up C$0.59 on Thursday, hitting C$27.59. The company’s stock had a trading volume of 55,945 shares, compared to its average volume of 37,162. The stock has a 50 day moving average of C$24.55 and a 200-day moving average of C$23.51. The company has a market capitalization of C$634.07 million, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 0.65 and a beta of 1.77. Chorus Aviation has a 12-month low of C$19.56 and a 12-month high of C$27.70. The company has a debt-to-equity ratio of 76.81, a current ratio of 1.38 and a quick ratio of 0.53.

Chorus Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, June 15th. Chorus Aviation’s dividend payout ratio is 10.38%.

Wall Street Analysts Forecast Growth

Separately, TD raised their target price on 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 investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$31.00.

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.