Chorus Aviation (TSE:CHR) Issues Earnings Results

Chorus Aviation (TSE:CHR) released its earnings results on Thursday. The company reported C$0.29 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$325.42 million for the quarter. Chorus Aviation had a net margin of 5.98% and a return on equity of 14.89%.

Chorus Aviation Trading Down 0.2%

Shares of CHR stock traded down C$0.04 during trading hours on Thursday, hitting C$24.08. 38,267 shares of the company were exchanged, compared to its average volume of 40,687. The firm has a market cap of C$563.83 million, a PE ratio of 8.00, a PEG ratio of 0.65 and a beta of 1.60. Chorus Aviation has a 1 year low of C$19.20 and a 1 year high of C$25.14. The company has a quick ratio of 0.53, a current ratio of 1.30 and a debt-to-equity ratio of 73.68. The firm has a fifty day moving average of C$23.13 and a 200 day moving average of C$22.45.

Chorus Aviation Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, March 13th. This is an increase from Chorus Aviation’s previous quarterly dividend of $0.08. Chorus Aviation’s payout ratio is currently 5.32%.

Analysts Set New Price Targets

A number of research firms have issued reports on CHR. Canadian Imperial Bank of Commerce reduced their target price on shares of Chorus Aviation from C$32.00 to C$31.00 in a report on Wednesday, January 21st. National Bank Financial reduced their target price on shares of Chorus Aviation from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a report on Tuesday, February 17th. Stifel Nicolaus increased their price objective on shares of Chorus Aviation from C$31.00 to C$32.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Royal Bank Of Canada increased their price objective on shares of Chorus Aviation from C$31.00 to C$35.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. Finally, Scotiabank upgraded shares of Chorus Aviation from a “hold” rating to an “outperform” rating and increased their price objective for the stock from C$26.00 to C$30.00 in a report on Tuesday, February 17th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$30.71.

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.