Chorus Aviation Inc. (TSE:CHR) Expected to Post Q3 2024 Earnings of $0.03 Per Share

Chorus Aviation Inc. (TSE:CHR) – Research analysts at Cormark lowered their Q3 2024 EPS estimates for Chorus Aviation in a report released on Thursday, August 15th. Cormark analyst D. Ocampo now expects that the company will earn $0.03 per share for the quarter, down from their prior forecast of $0.06. Cormark has a “Buy” rating and a $4.05 price target on the stock. The consensus estimate for Chorus Aviation’s current full-year earnings is $0.23 per share. Cormark also issued estimates for Chorus Aviation’s FY2024 earnings at $0.10 EPS and Q1 2025 earnings at $0.07 EPS.

CHR has been the subject of a number of other research reports. TD Securities decreased their target price on shares of Chorus Aviation from C$3.50 to C$3.25 in a research report on Monday. Royal Bank of Canada lowered their price objective on Chorus Aviation from C$3.50 to C$3.25 and set an “outperform” rating for the company in a research report on Friday, August 16th. National Bankshares raised their price target on Chorus Aviation from C$3.65 to C$3.85 in a report on Thursday, August 15th. CIBC cut their price objective on shares of Chorus Aviation from C$3.50 to C$3.25 in a report on Thursday, August 15th. Finally, Canaccord Genuity Group decreased their price objective on shares of Chorus Aviation from C$2.60 to C$2.50 and set a “hold” rating for the company in a research report on Wednesday, May 8th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Chorus Aviation has a consensus rating of “Moderate Buy” and an average price target of C$3.21.

Chorus Aviation Stock Performance

Chorus Aviation stock opened at C$2.53 on Monday. Chorus Aviation has a fifty-two week low of C$1.99 and a fifty-two week high of C$3.25. The company has a market capitalization of C$487.08 million, a PE ratio of 11.50, a P/E/G ratio of 0.65 and a beta of 2.14. The company has a 50 day moving average price of C$2.51 and a 200-day moving average price of C$2.30. The company has a debt-to-equity ratio of 124.08, a quick ratio of 0.53 and a current ratio of 0.67.

Chorus Aviation Company Profile

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.