Cormark Weighs in on Chorus Aviation's Q3 Earnings (TSE:CHR)

Key Points

• Cormark raised its Q3 2026 EPS estimate for Chorus Aviation from $0.61 to $0.62, while also forecasting Q4 2026 earnings at $0.67 EPS.
• Recent reports from various analysts show increased target prices for Chorus Aviation, with Scotiabank setting a new target of C$24.00 and CIBC raising theirs to C$30.00, indicating a generally positive outlook.
• Chorus Aviation announced a quarterly dividend of $0.08 per share, with an annual yield of 1.5%, despite a negative payout ratio of -79.24%.

Chorus Aviation Inc. (TSE:CHR - Free Report) - Equities researchers at Cormark lifted their Q3 2026 EPS estimates for Chorus Aviation in a research note issued to investors on Thursday, August 7th. Cormark analyst D. Ocampo now forecasts that the company will post earnings per share of $0.62 for the quarter, up from their previous estimate of $0.61. The consensus estimate for Chorus Aviation's current full-year earnings is $0.30 per share. Cormark also issued estimates for Chorus Aviation's Q4 2026 earnings at $0.67 EPS.

Other equities research analysts have also issued research reports about the company. Royal Bank Of Canada upped their target price on Chorus Aviation from C$25.00 to C$27.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. CIBC upped their price objective on shares of Chorus Aviation from C$29.00 to C$30.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. TD Securities boosted their target price on shares of Chorus Aviation from C$27.00 to C$29.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Scotiabank upped their price objective on shares of Chorus Aviation from C$23.50 to C$24.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$17.24.

Chorus Aviation Price Performance

Shares of TSE CHR traded down C$0.05 during midday trading on Friday, reaching C$20.60. 42,558 shares of the company were exchanged, compared to its average volume of 50,443. The stock has a market cap of C$559.50 million, a P/E ratio of -34.01, a PEG ratio of 0.65 and a beta of 2.14. The stock's 50-day moving average price is C$21.76 and its 200-day moving average price is C$19.22. The company has a quick ratio of 0.53, a current ratio of 1.13 and a debt-to-equity ratio of 118.79. Chorus Aviation has a one year low of C$16.87 and a one year high of C$24.08.

Chorus Aviation Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 15th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, July 31st. Chorus Aviation's dividend payout ratio (DPR) is currently -79.24%.

Chorus Aviation Company Profile

Chorus is an aviation solutions provider to customers worldwide. Its operating subsidiaries are: 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; and Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines.