Chorus Aviation Inc (TSE:CHR) Scheduled to Post Earnings on Thursday
Chorus Aviation Inc (TSE:CHR) will be posting its quarterly earnings results before the market opens on Thursday, August 10th. Analysts expect Chorus Aviation to post earnings of $0.19 per share for the quarter.
Chorus Aviation Inc (TSE CHR) opened at 8.02 on Tuesday. Chorus Aviation Inc has a one year low of $5.75 and a one year high of $8.04. The firm has a market cap of $979.90 million and a price-to-earnings ratio of 12.15. The firm has a 50-day moving average of $7.87 and a 200-day moving average of $7.49.
The business also recently declared a monthly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Monday, July 31st will be issued a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date of this dividend is Thursday, July 27th.
CHR has been the subject of a number of analyst reports. Canaccord Genuity reaffirmed a “buy” rating and set a C$9.00 price objective on shares of Chorus Aviation in a report on Monday, June 5th. Scotiabank increased their target price on shares of Chorus Aviation from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Five research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of C$8.54.
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In related news, insider Scott Tapson sold 4,800 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of C$7.33, for a total transaction of C$35,184.00. Also, insider Steven Linthwaite sold 300,000 shares of the business’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of C$7.27, for a total transaction of C$2,181,000.00. In the last ninety days, insiders sold 683,466 shares of company stock worth $5,018,312.
About Chorus Aviation
Chorus Aviation Inc, through its subsidiaries, engages in the airline business in Canada and the United States. It operates scheduled passenger service on behalf of Air Canada under the Air Canada Express brand name with approximately 658 departures per weekday to 58 destinations in Canada, as well as 12 destinations in the United States.
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