Chorus Aviation (CHR) Scheduled to Post Quarterly Earnings on Thursday

Chorus Aviation (TSE:CHR) will post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Chorus Aviation to post earnings of C$0.03 per share for the quarter.

Chorus Aviation (TSE:CHR) last released its quarterly earnings results on Tuesday, August 13th. The company reported C$0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.06 by C$0.02. The firm had revenue of C$351.22 million for the quarter, compared to the consensus estimate of C$404.00 million. Chorus Aviation had a positive return on equity of 7.10% and a negative net margin of 6.95%.

Chorus Aviation Stock Performance

Shares of Chorus Aviation stock opened at C$3.03 on Tuesday. The company has a debt-to-equity ratio of 60.07, a current ratio of 1.45 and a quick ratio of 0.53. The firm has a market cap of C$579.06 million, a price-to-earnings ratio of 13.17, a price-to-earnings-growth ratio of 0.65 and a beta of 2.14. The stock’s 50-day moving average is C$2.82 and its 200-day moving average is C$2.53. Chorus Aviation has a one year low of C$1.99 and a one year high of C$3.25.

Wall Street Analysts Forecast Growth

CHR has been the subject of a number of analyst reports. CIBC decreased their target price on shares of Chorus Aviation from C$3.50 to C$3.25 in a research report on Thursday, August 15th. Canaccord Genuity Group boosted their price target on Chorus Aviation from C$2.50 to C$3.10 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. TD Securities increased their price target on shares of Chorus Aviation from C$3.25 to C$3.50 and gave the company a “buy” rating in a research note on Thursday, October 17th. Cormark raised shares of Chorus Aviation from a “market perform” rating to a “buy” rating and upped their target price for the company from C$2.50 to C$4.05 in a report on Wednesday, July 31st. Finally, Scotiabank raised their target price on shares of Chorus Aviation from C$3.00 to C$3.25 in a research note on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Chorus Aviation currently has a consensus rating of “Moderate Buy” and a consensus price target of C$3.31.

Insider Buying and Selling at Chorus Aviation

In other Chorus Aviation news, Director David Levenson purchased 46,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were acquired at an average cost of C$2.64 per share, with a total value of C$121,440.00. Insiders own 13.83% of the company’s stock.

About Chorus Aviation

Chorus Aviation Inc, through its subsidiaries, provides aviation solutions. It operates through Regional Aviation Services and Regional Aircraft Leasing segments. The Regional Aviation Services segment provides contract flying services, charter services, and specialized contract flying, such as medical, logistical, and humanitarian flights; aircraft leasing; and maintenance, repair and overhaul services, and part sales and technical services, as well as pilot training services.