Brokers Offer Predictions for Chorus Aviation Inc’s Q2 2018 Earnings (CHR)

Chorus Aviation Inc (TSE:CHR) – Equities researchers at Cormark increased their Q2 2018 EPS estimates for shares of Chorus Aviation in a research report issued on Tuesday. Cormark analyst D. Tyerman now expects that the company will post earnings of $0.23 per share for the quarter, up from their previous forecast of $0.22. Cormark also issued estimates for Chorus Aviation’s Q3 2018 earnings at $0.32 EPS, Q4 2018 earnings at $0.21 EPS, Q2 2019 earnings at $0.25 EPS, Q3 2019 earnings at $0.30 EPS, FY2020 earnings at $0.94 EPS, FY2021 earnings at $0.77 EPS and FY2022 earnings at $0.77 EPS.

Chorus Aviation (TSE:CHR) last announced its earnings results on Thursday, February 15th. The company reported C$0.19 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.05). Chorus Aviation had a return on equity of 38.57% and a net margin of 4.02%. The firm had revenue of C$356.56 million for the quarter, compared to the consensus estimate of C$348.50 million.

Separately, CIBC lifted their target price on shares of Chorus Aviation from C$10.50 to C$11.00 in a research note on Thursday, January 4th. Six equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of C$9.96.

Chorus Aviation (CHR) opened at C$8.38 on Wednesday. Chorus Aviation has a 52 week low of C$7.13 and a 52 week high of C$9.86. The firm has a market cap of $1,050.00, a price-to-earnings ratio of 6.40 and a beta of 0.68.

The business also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 15th will be issued a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 5.73%. The ex-dividend date is Tuesday, February 27th. Chorus Aviation’s payout ratio is 36.64%.

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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.

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

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