Chorus Aviation (TSE:CHR) Posts Quarterly Earnings Results

Chorus Aviation (TSE:CHR) released its earnings results on Monday. The company reported C$0.68 EPS for the quarter, FiscalAI reports. The business had revenue of C$346.13 million during the quarter. Chorus Aviation had a return on equity of 9.32% and a net margin of 3.65%.

Chorus Aviation Stock Performance

TSE CHR opened at C$32.93 on Tuesday. The company has a fifty day simple moving average of C$29.54 and a 200 day simple moving average of C$25.54. Chorus Aviation has a 12-month low of C$20.80 and a 12-month high of C$33.24. The company has a current ratio of 0.97, a quick ratio of 0.53 and a debt-to-equity ratio of 60.84. The company has a market cap of C$743.23 million, a P/E ratio of 16.63, a PEG ratio of 0.65 and a beta of 1.26.

Chorus Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 30th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, September 15th. Chorus Aviation’s dividend payout ratio (DPR) is currently 19.19%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CHR. TD boosted their price target on Chorus Aviation from C$34.00 to C$35.00 and gave the company a “buy” rating in a research note on Tuesday, October 27th. Stifel Nicolaus raised their price objective on shares of Chorus Aviation from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Scotia lifted their price objective on shares of Chorus Aviation from C$31.00 to C$33.50 and gave the company a “sector outperform” rating in a research note on Thursday, August 6th. Scotiabank boosted their target price on shares of Chorus Aviation from C$33.50 to C$37.00 and gave the company a “sector outperform” rating in a research report on Thursday, October 15th. Finally, BMO Capital Markets increased their target price on shares of Chorus Aviation from C$28.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Seven investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$33.56.

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.