Chorus Aviation (TSE:CHR) Announces Earnings Results

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

Chorus Aviation Stock Up 8.3%

TSE:CHR opened at C$35.65 on Wednesday. Chorus Aviation has a 1-year low of C$20.80 and a 1-year high of C$35.73. The company has a 50-day moving average of C$29.70 and a 200 day moving average of C$25.60. The firm has a market cap of C$804.62 million, a PE ratio of 18.01, a price-to-earnings-growth ratio of 0.65 and a beta of 1.26. The company has a debt-to-equity ratio of 60.84, a current ratio of 0.97 and a quick ratio of 0.53.

Chorus Aviation Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, September 15th. Chorus Aviation’s payout ratio is presently 19.19%.

Wall Street Analyst Weigh In

CHR has been the topic of several recent analyst reports. BMO Capital Markets raised their price target 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. Scotia boosted 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 report on Thursday, August 6th. Stifel Nicolaus raised their target price 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. TD lifted their price target on shares of 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. Finally, Royal Bank Of Canada boosted their price target on Chorus Aviation from C$35.00 to C$39.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Seven investment analysts have rated the stock with a Buy rating. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$33.56.

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.