Chorus Aviation Inc. to Post FY2024 Earnings of $0.01 Per Share, National Bank Financial Forecasts (TSE:CHR)

Chorus Aviation Inc. (TSE:CHR) – Analysts at National Bank Financial decreased their FY2024 EPS estimates for Chorus Aviation in a research note issued on Wednesday, August 14th. National Bank Financial analyst C. Doerksen now expects that the company will post earnings per share of $0.01 for the year, down from their prior estimate of $0.18. The consensus estimate for Chorus Aviation’s current full-year earnings is $0.23 per share. National Bank Financial also issued estimates for Chorus Aviation’s FY2025 earnings at $0.26 EPS.

Several other research analysts have also issued reports on CHR. Royal Bank of Canada cut their price target on Chorus Aviation from C$3.50 to C$3.25 and set an “outperform” rating on the stock in a report on Friday. Scotiabank lifted their price target on shares of Chorus Aviation from C$3.00 to C$3.25 in a research report on Wednesday, July 31st. National Bankshares boosted their price target on shares of Chorus Aviation from C$3.65 to C$3.85 in a research note on Thursday. TD Securities dropped their price objective on shares of Chorus Aviation from C$3.75 to C$3.50 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Finally, Canaccord Genuity Group reduced their price objective on shares of Chorus Aviation from C$2.60 to C$2.50 and set a “hold” rating for the company in a report on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$3.24.

Chorus Aviation Stock Performance

Shares of 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 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 of C$2.50 and a 200-day moving average of C$2.30. The company has a debt-to-equity ratio of 124.08, a current ratio of 0.67 and a quick ratio of 0.53.

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.