Chorus Aviation (CHR) Set to Announce Earnings on Thursday

Chorus Aviation (TSE:CHR - Get Free Report) is set to announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of C$0.03 per share for the quarter.

Chorus Aviation (TSE:CHR - Get Free Report) last posted its earnings results on Tuesday, August 13th. The company reported C$0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.06 by C$0.02. Chorus Aviation had a negative net margin of 6.95% and a positive return on equity of 7.10%. The business had revenue of C$351.22 million for the quarter, compared to analyst estimates of C$404.00 million.

Chorus Aviation Price Performance

Shares of CHR stock traded up C$0.01 during mid-day trading on Thursday, hitting C$3.01. 249,687 shares of the stock were exchanged, compared to its average volume of 362,486. The firm has a fifty day moving average of C$2.79 and a 200 day moving average of C$2.51. The company has a quick ratio of 0.53, a current ratio of 1.45 and a debt-to-equity ratio of 60.07. Chorus Aviation has a 52-week low of C$1.99 and a 52-week high of C$3.25. The company has a market cap of C$575.24 million, a PE ratio of 13.04, a price-to-earnings-growth ratio of 0.65 and a beta of 2.14.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CHR shares. Royal Bank of Canada lowered their target price on shares of Chorus Aviation from C$3.50 to C$3.25 and set an "outperform" rating on the stock in a research note on Friday, August 16th. National Bankshares lifted their price objective on Chorus Aviation from C$3.65 to C$3.85 in a report on Thursday, August 15th. Canaccord Genuity Group lifted their price objective on Chorus Aviation from C$2.50 to C$3.10 and gave the stock a "hold" rating in a report on Wednesday, October 23rd. Scotiabank lifted their price objective on Chorus Aviation from C$3.00 to C$3.25 in a report on Wednesday, July 31st. Finally, Cormark upgraded Chorus Aviation from a "market perform" rating to a "buy" rating and lifted their price objective for the stock from C$2.50 to C$4.05 in a report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$3.31.

Insider Transactions at Chorus Aviation

In other news, Director David Levenson purchased 144,600 shares of Chorus Aviation stock in a transaction dated Friday, August 23rd. The shares were purchased at an average price of C$2.61 per share, with a total value of C$377,406.00. Insiders own 13.83% of the company's stock.

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.