Chorus Aviation (TSE:CHR) Announces Quarterly Earnings Results

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

Chorus Aviation Price Performance

Chorus Aviation stock traded up C$1.60 during mid-day trading on Monday, hitting C$32.93. 124,600 shares of the company traded hands, compared to its average volume of 44,822. The company has a debt-to-equity ratio of 60.84, a quick ratio of 0.53 and a current ratio of 0.97. Chorus Aviation has a one year low of C$20.80 and a one year high of C$33.24. The stock has a market cap of C$743.23 million, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 0.65 and a beta of 1.26. The stock has a fifty day moving average price of C$29.45 and a 200-day moving average price of C$25.48.

Chorus Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.44 annualized dividend and a dividend yield of 1.3%. Chorus Aviation’s payout ratio is presently 19.19%.

Analyst Ratings Changes

A number of brokerages have issued reports on CHR. Stifel Nicolaus boosted their target price on shares of Chorus Aviation from C$32.00 to C$33.00 and gave the company a “buy” rating in a report on Thursday, August 6th. TD increased their target price on Chorus Aviation from C$34.00 to C$35.00 and gave the stock a “buy” rating in a research report on Tuesday, October 27th. Scotia raised their price target on Chorus Aviation from C$31.00 to C$33.50 and gave the stock a “sector outperform” rating in a report on Thursday, August 6th. BMO Capital Markets raised their price target on Chorus Aviation from C$28.00 to C$32.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Finally, Scotiabank lifted their price target on 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. Seven equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$33.28.

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.