Chorus Aviation (CHR) to Release Quarterly Earnings on Friday

Chorus Aviation (TSE:CHRGet Rating) is scheduled to announce its earnings results before the market opens on Friday, August 5th. Analysts expect the company to announce earnings of C$0.09 per share for the quarter.

Chorus Aviation (TSE:CHRGet Rating) last released its quarterly earnings data on Thursday, May 5th. The company reported C$0.10 earnings per share for the quarter, meeting the consensus estimate of C$0.10. The company had revenue of C$342.38 million for the quarter, compared to analysts’ expectations of C$272.00 million.

Chorus Aviation Stock Up 1.3 %

CHR opened at C$3.15 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.74 and a debt-to-equity ratio of 259.54. The firm has a 50 day moving average price of C$3.45 and a 200-day moving average price of C$3.79. Chorus Aviation has a twelve month low of C$3.01 and a twelve month high of C$4.70. The stock has a market capitalization of C$639.61 million and a price-to-earnings ratio of 12.60.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CHR shares. Royal Bank of Canada boosted their price objective on shares of Chorus Aviation from C$4.75 to C$5.00 and gave the company an “outperform” rating in a report on Monday, May 9th. CIBC decreased their price objective on shares of Chorus Aviation from C$6.25 to C$5.22 in a report on Friday, June 3rd. National Bankshares upgraded shares of Chorus Aviation from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$4.65 to C$5.50 in a research report on Monday, May 9th. BMO Capital Markets restated a “buy” rating and set a C$6.00 target price (up from C$5.50) on shares of Chorus Aviation in a research report on Monday, May 9th. Finally, TD Securities boosted their target price on shares of Chorus Aviation from C$5.50 to C$6.00 and gave the company a “buy” rating in a research report on Tuesday, May 10th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$5.64.

About Chorus Aviation

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Chorus Aviation Inc, through its subsidiaries, provides various aviation support services in the United States and Canada. The company operates through two segments, Regional Aviation Services and Regional Aircraft Leasing. The Regional Aviation Services segment includes all three sectors of the regional aviation, such as contract flying, including ACMI and charter operations; aircraft leasing; and maintenance, repair, and overhaul, as well as part sales and technical services.

See Also

Earnings History for Chorus Aviation (TSE:CHR)

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