Chorus Aviation FY2025 EPS Lifted by National Bank Financial

Key Points

• Chorus Aviation's FY2025 earnings estimate has been increased by National Bank Financial from $2.11 to $2.15 per share, indicating a positive outlook for the company's performance.
• Multiple brokerages have upgraded their target prices for Chorus Aviation, with significant increases from Scotiabank and TD Securities, reflecting growing investor confidence.
• The company announced a quarterly dividend of $0.08 per share, which results in an annualized yield of 1.5%, despite a current dividend payout ratio of -79.24%.

Chorus Aviation Inc. (TSE:CHR - Free Report) - National Bank Financial lifted their FY2025 earnings per share estimates for shares of Chorus Aviation in a report issued on Wednesday, August 6th. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings per share of $2.15 for the year, up from their previous forecast of $2.11. The consensus estimate for Chorus Aviation's current full-year earnings is $0.30 per share.

Several other research analysts have also commented on the company. Scotiabank boosted their price target on Chorus Aviation from C$23.50 to C$24.00 and gave the stock a "sector perform" rating in a research report on Thursday. TD Securities boosted their target price on Chorus Aviation from C$27.00 to C$29.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. CIBC boosted their price target on Chorus Aviation from C$29.00 to C$30.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, Royal Bank Of Canada boosted their price target on Chorus Aviation from C$25.00 to C$27.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Chorus Aviation presently has a consensus rating of "Moderate Buy" and a consensus price target of C$17.24.

Chorus Aviation Stock Down 1.2%

Shares of CHR traded down C$0.25 during trading hours on Friday, hitting C$20.73. The company had a trading volume of 83,240 shares, compared to its average volume of 50,512. The company has a market capitalization of C$563.03 million, a PE ratio of -34.22, a price-to-earnings-growth ratio of 0.65 and a beta of 2.14. The company has a current ratio of 1.13, a quick ratio of 0.53 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. The company's fifty day moving average price is C$21.77 and its two-hundred day moving average price is C$19.09.

Chorus Aviation Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, July 31st. Chorus Aviation's payout ratio is -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.