National Bank Financial Analysts Increase Earnings Estimates for Chorus Aviation Inc. (TSE:CHR)

Chorus Aviation Inc. (TSE:CHR - Free Report) - National Bank Financial lifted their FY2024 earnings per share (EPS) estimates for shares of Chorus Aviation in a note issued to investors on Tuesday, May 7th. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings of $0.18 per share for the year, up from their previous forecast of $0.15. The consensus estimate for Chorus Aviation's current full-year earnings is $0.23 per share.

Chorus Aviation (TSE:CHR - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported C$0.05 EPS for the quarter, missing analysts' consensus estimates of C$0.10 by C($0.05). The business had revenue of C$421.45 million during the quarter, compared to analyst estimates of C$430.00 million. Chorus Aviation had a return on equity of 8.33% and a net margin of 6.03%.

Several other research analysts have also recently weighed in on the stock. Scotiabank dropped their price objective on shares of Chorus Aviation from C$3.30 to C$3.00 and set a "sector perform" rating for the company in a research report on Monday, February 26th. TD Securities cut their price target on Chorus Aviation from C$5.00 to C$3.75 and set a "buy" rating on the stock in a research note on Wednesday, February 28th. Royal Bank of Canada set a C$3.50 price objective on Chorus Aviation and gave the stock an "outperform" rating in a research report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft lowered shares of Chorus Aviation from a "buy" rating to a "hold" rating and reduced their target price for the company from C$3.15 to C$2.50 in a research note on Wednesday, February 28th. Finally, Canaccord Genuity Group dropped their price target on shares of Chorus Aviation from C$2.60 to C$2.50 and set a "hold" rating for the company in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of C$3.06.

Chorus Aviation Price Performance

Shares of CHR stock traded down C$0.07 during trading hours on Friday, reaching C$2.22. 273,711 shares of the company were exchanged, compared to its average volume of 395,184. Chorus Aviation has a fifty-two week low of C$1.99 and a fifty-two week high of C$3.36. The company has a debt-to-equity ratio of 137.10, a current ratio of 0.79 and a quick ratio of 0.53. The stock's fifty day moving average is C$2.09 and its two-hundred day moving average is C$2.27. The company has a market cap of C$429.41 million, a price-to-earnings ratio of 6.73, a P/E/G ratio of 0.65 and a beta of 2.13.

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.