Chorus Aviation (CHR) Scheduled to Post Quarterly Earnings on Tuesday

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

Chorus Aviation (TSE:CHR) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C$0.05 earnings per share (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 for the quarter, compared to analysts’ expectations of C$430.00 million. Chorus Aviation had a return on equity of 8.33% and a net margin of 6.03%.

Chorus Aviation Stock Performance

Shares of CHR stock opened at C$2.19 on Friday. The stock’s 50-day moving average is C$2.08 and its two-hundred day moving average is C$2.27. The firm has a market cap of C$423.61 million, a price-to-earnings ratio of 6.64, a PEG ratio of 0.65 and a beta of 2.13. Chorus Aviation has a 1 year low of C$1.99 and a 1 year high of C$3.36. The company has a debt-to-equity ratio of 137.10, a quick ratio of 0.53 and a current ratio of 0.79.

Analyst Upgrades and Downgrades

CHR has been the topic of several research reports. Cormark lowered Chorus Aviation from a “buy” rating to a “market perform” rating and dropped their price objective for the stock from C$3.25 to C$2.50 in a report on Monday, February 26th. Deutsche Bank Aktiengesellschaft lowered Chorus Aviation from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$3.15 to C$2.50 in a report on Wednesday, February 28th. BMO Capital Markets lowered their price target on Chorus Aviation from C$4.15 to C$3.00 in a report on Monday, March 4th. Royal Bank of Canada set a C$3.50 price objective on Chorus Aviation and gave the company an “outperform” rating in a report on Thursday, April 4th. Finally, CIBC lowered their price objective on Chorus Aviation from C$4.25 to C$3.75 and set an “outperform” rating on the stock in a report on Monday, February 26th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus 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.