Chorus Aviation Inc. Announces Quarterly Dividend of $0.11 (TSE:CHR)

Chorus Aviation Inc. (TSE:CHR) announced a quarterly dividend on Monday, June 15th, TickerTech Dividends reports. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.11 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, June 15th.

Chorus Aviation Stock Performance

Chorus Aviation stock remained flat at C$24.36 during trading hours on Friday. 9,776 shares of the company’s stock traded hands, compared to its average volume of 38,989. The company has a quick ratio of 0.53, a current ratio of 1.38 and a debt-to-equity ratio of 76.81. The stock has a market capitalization of C$559.84 million, a PE ratio of 9.37, a P/E/G ratio of 0.65 and a beta of 1.77. Chorus Aviation has a 1 year low of C$19.56 and a 1 year high of C$25.28. The stock has a 50 day moving average of C$23.76 and a 200-day moving average of C$22.69.

Chorus Aviation (TSE:CHR) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.29 EPS for the quarter. Chorus Aviation had a net margin of 5.16% and a return on equity of 12.73%. The business had revenue of C$325.42 million for the quarter. On average, equities analysts predict that Chorus Aviation will post 0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CHR shares. Scotiabank upgraded Chorus Aviation from a “hold” rating to an “outperform” rating and lifted their price objective for the stock from C$26.00 to C$30.00 in a research report on Tuesday, February 17th. National Bank Financial lowered their target price on shares of Chorus Aviation from C$29.00 to C$28.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. Stifel Nicolaus lifted their target price 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. TD lifted their target price 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, May 12th. Finally, Royal Bank Of Canada lifted their target price 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. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$30.88.

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.