National Bank Financial Analysts Lower Earnings Estimates for Chorus Aviation Inc (CHR)

Chorus Aviation Inc (TSE:CHR) – Investment analysts at National Bank Financial reduced their Q1 2018 earnings estimates for shares of Chorus Aviation in a research report issued to clients and investors on Thursday. National Bank Financial analyst C. Doerksen now expects that the company will post earnings of $0.26 per share for the quarter, down from their previous estimate of $0.27. National Bank Financial also issued estimates for Chorus Aviation’s FY2018 earnings at $1.14 EPS and FY2019 earnings at $1.27 EPS.

Several other research firms have also weighed in on CHR. CIBC upped their price target on Chorus Aviation from C$10.50 to C$11.00 in a research report on Thursday, January 4th. Scotiabank upped their price target on 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 dropped their price target on 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 analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target of C$9.96.

Chorus Aviation (TSE:CHR) opened at C$8.89 on Monday. The firm has a market capitalization of $1,110.00, a price-to-earnings ratio of 6.79 and a beta of 0.57. Chorus Aviation has a 52-week low of C$7.07 and a 52-week high of C$9.86.

The company also recently announced a monthly dividend, which was paid on Friday, February 16th. Shareholders of record on Wednesday, January 31st were given a $0.04 dividend. This represents a $0.48 annualized dividend and a yield of 5.40%. The ex-dividend date was Tuesday, January 30th. Chorus Aviation’s payout ratio is currently 36.64%.

In other Chorus Aviation news, insider Rick Flynn sold 28,946 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of C$9.75, for a total value of C$282,223.50. Also, Director Gary James Osborne sold 10,000 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of C$9.80, for a total value of C$98,000.00. Over the last ninety days, insiders sold 72,046 shares of company stock worth $703,471.

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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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