Chorus Aviation (CHR) Set to Announce Earnings on Tuesday

Chorus Aviation (TSE:CHR) is scheduled to post its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Chorus Aviation to post earnings of C$0.05 per share for the quarter.

Chorus Aviation (TSE:CHR) last issued its earnings results on Thursday, February 22nd. The company reported C$0.05 EPS for the quarter, missing the consensus estimate of C$0.10 by C($0.05). The firm had revenue of C$421.45 million during the quarter, compared to the consensus estimate of C$430.00 million. Chorus Aviation had a net margin of 6.03% and a return on equity of 8.33%.

Chorus Aviation Trading Up 0.5 %

Shares of TSE CHR opened at C$2.16 on Tuesday. Chorus Aviation has a twelve month low of C$1.99 and a twelve month high of C$3.36. The stock has a market cap of C$417.81 million, a price-to-earnings ratio of 6.55, a P/E/G ratio of 0.65 and a beta of 2.15. The company has a quick ratio of 0.53, a current ratio of 0.79 and a debt-to-equity ratio of 137.10. The company’s fifty day moving average is C$2.09 and its 200-day moving average is C$2.27.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CHR shares. Deutsche Bank Aktiengesellschaft lowered Chorus Aviation from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$3.15 to C$2.50 in a report on Wednesday, February 28th. Scotiabank cut their price objective on Chorus Aviation from C$3.30 to C$3.00 and set a “sector perform” rating on the stock in a report on Monday, February 26th. Royal Bank of Canada set a C$3.50 target price on Chorus Aviation and gave the stock an “outperform” rating in a research note on Thursday, April 4th. CIBC cut their price target on shares of Chorus Aviation from C$4.25 to C$3.75 and set an “outperform” rating on the stock in a research note on Monday, February 26th. Finally, BMO Capital Markets reduced their price target on shares of Chorus Aviation from C$4.15 to C$3.00 in a report on Monday, March 4th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Chorus Aviation currently has an average rating of “Moderate Buy” and an average price target of C$3.19.

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.