Q4 2017 Earnings Forecast for Chorus Aviation Inc Issued By Cormark (CHR)

Chorus Aviation Inc (TSE:CHR) – Equities research analysts at Cormark raised their Q4 2017 EPS estimates for Chorus Aviation in a research note issued on Monday. Cormark analyst D. Tyerman now anticipates that the company will post earnings of $0.26 per share for the quarter, up from their previous forecast of $0.25. Cormark also issued estimates for Chorus Aviation’s Q1 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.27 EPS, FY2018 earnings at $0.97 EPS, FY2019 earnings at $1.06 EPS and FY2021 earnings at $0.84 EPS.

Chorus Aviation (TSE:CHR) last announced its quarterly earnings data on Wednesday, November 8th. The company reported C$0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.26 by C$0.13. Chorus Aviation had a net margin of 4.02% and a return on equity of 38.57%.

A number of other brokerages have also weighed in on CHR. CIBC raised their target price on shares of Chorus Aviation from C$10.50 to C$11.00 in a research report on Thursday, January 4th. Scotiabank raised their target price on shares of Chorus Aviation from C$10.00 to C$10.50 and gave the company an “outperform” rating in a research report on Thursday, November 9th. Finally, Royal Bank of Canada cut their target price on shares of Chorus Aviation from C$11.00 to C$9.50 and set an “outperform” rating on the stock in a research report on Thursday, November 9th. Six investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of C$9.96.

Chorus Aviation (CHR) opened at C$9.39 on Wednesday. The stock has a market cap of $1,170.00, a P/E ratio of 7.45 and a beta of 0.71. Chorus Aviation has a one year low of C$6.95 and a one year high of C$9.80.

The firm also recently declared a monthly dividend, which was paid on Monday, December 18th. Stockholders of record on Thursday, November 30th were issued 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 5.11%. Chorus Aviation’s dividend payout ratio (DPR) is presently 38.10%.

In other news, insider Colin Copp sold 24,100 shares of Chorus Aviation stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of C$9.80, for a total transaction of C$236,180.00. 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 transaction of C$148,200.00. In the last quarter, insiders have sold 160,846 shares of company stock worth $1,573,711.

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About Chorus Aviation

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.

Earnings History and Estimates for Chorus Aviation (TSE:CHR)

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