FY2024 Earnings Estimate for Chorus Aviation Inc. Issued By National Bank Financial (TSE:CHR)

Chorus Aviation Inc. (TSE:CHR) – Investment analysts at National Bank Financial increased their FY2024 earnings per share (EPS) estimates for shares of Chorus Aviation in a research report issued to clients and investors on Tuesday, May 7th. National Bank Financial analyst C. Doerksen now expects that the company will earn $0.18 per share for the year, up from their prior estimate of $0.15. The consensus estimate for Chorus Aviation’s current full-year earnings is $0.23 per share.

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

Other analysts also recently issued research reports about the company. Royal Bank of Canada set a C$3.50 price target on Chorus Aviation and gave the stock an “outperform” rating in a research note on Thursday, April 4th. BMO Capital Markets cut their price target on Chorus Aviation from C$4.15 to C$3.00 in a research note on Monday, March 4th. 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. Deutsche Bank Aktiengesellschaft downgraded Chorus Aviation from a “buy” rating to a “hold” rating and cut their price target for the stock from C$3.15 to C$2.50 in a research note on Wednesday, February 28th. Finally, CIBC lowered their price objective on Chorus Aviation from C$3.75 to C$3.25 and set an “outperform” rating on the stock in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$3.06.

Chorus Aviation Stock Performance

Chorus Aviation stock opened at C$2.29 on Friday. 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 has a market capitalization of C$442.95 million, a P/E ratio of 6.94, a PEG ratio of 0.65 and a beta of 2.13. The stock’s 50 day moving average is C$2.09 and its 200 day moving average is C$2.27. Chorus Aviation has a twelve month low of C$1.99 and a twelve month high of C$3.36.

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.