Chorus Aviation (TSE:CHR) Releases Earnings Results

Chorus Aviation (TSE:CHR) issued its quarterly earnings data on Tuesday. The company reported C$0.83 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$349.42 million during the quarter. Chorus Aviation had a return on equity of 12.73% and a net margin of 5.16%.

Chorus Aviation Trading Up 0.5%

Shares of TSE CHR opened at C$24.73 on Wednesday. Chorus Aviation has a twelve month low of C$19.56 and a twelve month high of C$25.45. The company has a current ratio of 1.38, a quick ratio of 0.53 and a debt-to-equity ratio of 76.81. The stock has a fifty day simple moving average of C$24.51 and a 200-day simple moving average of C$23.47. The stock has a market capitalization of C$568.34 million, a PE ratio of 9.51, a PEG ratio of 0.65 and a beta of 1.78.

Chorus Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Monday, June 15th. Chorus Aviation’s dividend payout ratio (DPR) is currently 10.38%.

Wall Street Analysts Forecast Growth

Separately, TD increased 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 note on Tuesday, July 28th. Seven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Chorus Aviation currently has an average rating of “Buy” and a consensus price target of C$31.00.

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.