Chorus Aviation Inc Forecasted to Earn FY2017 Earnings of $0.98 Per Share (CHR)
Chorus Aviation Inc (TSE:CHR) – Stock analysts at Cormark raised their FY2017 earnings per share estimates for Chorus Aviation in a report issued on Monday. Cormark analyst D. Tyerman now expects that the company will post earnings of $0.98 per share for the year, up from their prior estimate of $0.97. Cormark also issued estimates for Chorus Aviation’s Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.30 EPS, FY2020 earnings at $1.01 EPS and FY2022 earnings at $0.84 EPS.
Chorus Aviation (TSE:CHR) last released its earnings results on Wednesday, November 8th. The company reported C$0.39 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.26 by C$0.13. Chorus Aviation had a return on equity of 38.57% and a net margin of 4.02%.
Shares of Chorus Aviation (CHR) opened at C$9.23 on Tuesday. The firm has a market capitalization of $1,160.00, a price-to-earnings ratio of 7.33 and a beta of 0.71. Chorus Aviation has a 52-week low of C$6.95 and a 52-week high of C$9.80.
In related news, insider Jolene Mahody sold 6,100 shares of Chorus Aviation stock in a transaction on Thursday, November 23rd. The stock was sold at an average price of C$9.78, for a total transaction of C$59,658.00. Also, insider Scott Tapson sold 15,200 shares of Chorus Aviation stock in a transaction on Monday, December 4th. The stock was sold at an average price of C$9.75, for a total value of C$148,200.00. Over the last ninety days, insiders have sold 160,846 shares of company stock valued at $1,573,711.
The business also recently disclosed a monthly dividend, which was paid on Monday, December 18th. Investors of record on Thursday, November 30th were paid a dividend of $0.04 per share. The ex-dividend date was Wednesday, November 29th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.20%. Chorus Aviation’s dividend payout ratio (DPR) is presently 38.10%.
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Chorus Aviation Company Profile
Chorus Aviation Inc, through its subsidiaries, engages in the airline business in Canada and the United States. It operates scheduled passenger service on behalf of Air Canada under the Air Canada Express brand name with approximately 658 departures per weekday to 58 destinations in Canada, as well as 12 destinations in the United States.
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