Chorus Aviation (TSE:CHR) Issues Quarterly Earnings Results

Chorus Aviation (TSE:CHR) announced its quarterly earnings data on Thursday. The company reported C$0.67 earnings per share for the quarter, FiscalAI reports. Chorus Aviation had a negative return on equity of 11.70% and a negative net margin of 7.57%.The company had revenue of C$320.19 million for the quarter.

Chorus Aviation Stock Performance

TSE CHR opened at C$21.50 on Friday. The stock has a fifty day simple moving average of C$21.54 and a 200-day simple moving average of C$21.67. The company has a current ratio of 1.13, a quick ratio of 0.53 and a debt-to-equity ratio of 118.79. The stock has a market cap of C$503.42 million, a PE ratio of -17.77, a P/E/G ratio of 0.65 and a beta of 1.46. Chorus Aviation has a twelve month low of C$17.62 and a twelve month high of C$24.31.

Chorus Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Monday, December 29th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, December 12th. Chorus Aviation’s dividend payout ratio is -6.61%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Scotiabank reduced their target price on shares of Chorus Aviation from C$27.00 to C$26.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 21st. TD Securities increased their price objective on shares of Chorus Aviation from C$30.00 to C$31.00 in a report on Monday, November 10th. BMO Capital Markets boosted their target price on Chorus Aviation from C$26.25 to C$28.00 in a report on Monday, November 10th. Royal Bank Of Canada set a C$31.00 price target on Chorus Aviation and gave the company an “outperform” rating in a research report on Tuesday, November 25th. Finally, Canadian Imperial Bank of Commerce reduced their price objective on Chorus Aviation from C$32.00 to C$31.00 in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Chorus Aviation currently has a consensus rating of “Moderate Buy” and an average target price of C$29.40.

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.