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

Chorus Aviation Inc. (TSE:CHR) – Investment analysts at Cormark lowered their Q3 2024 earnings per share (EPS) estimates for shares of Chorus Aviation in a research report issued on Thursday, August 15th. Cormark analyst D. Ocampo now anticipates that the company will earn $0.03 per share for the quarter, down from their previous 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.

Other equities research analysts have also recently issued research reports about the company. National Bankshares raised their target price on Chorus Aviation from C$3.65 to C$3.85 in a research note on Thursday. TD Securities decreased their target price on Chorus Aviation from C$3.75 to C$3.50 and set a “buy” rating for the company in a report on Wednesday, July 31st. CIBC decreased their target price on Chorus Aviation from C$3.50 to C$3.25 in a report on Thursday. Canaccord Genuity Group cut their price target on Chorus Aviation from C$2.60 to C$2.50 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. Finally, Royal Bank of Canada cut their target price on Chorus Aviation from C$3.50 to C$3.25 and set an “outperform” rating on the stock in a research report on Friday. Three investment 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 an average price target of C$3.24.

Chorus Aviation Price Performance

TSE:CHR opened at C$2.56 on Monday. Chorus Aviation has a one year low of C$1.99 and a one year high of C$3.25. The company has a debt-to-equity ratio of 124.08, a quick ratio of 0.53 and a current ratio of 0.67. The stock has a market cap of C$492.85 million, a PE ratio of 11.64, a P/E/G ratio of 0.65 and a beta of 2.14. The stock has a 50 day moving average price of C$2.50 and a 200 day moving average price of C$2.30.

About Chorus Aviation

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.