Chorus Aviation Inc to Post FY2018 Earnings of $1.10 Per Share, National Bank Financial Forecasts (CHR)

Chorus Aviation Inc (TSE:CHR) – Equities researchers at National Bank Financial lowered their FY2018 earnings estimates for shares of Chorus Aviation in a report issued on Tuesday, March 13th, according to Zacks Investment Research. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings per share of $1.10 for the year, down from their previous forecast of $1.14.

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

A number of other equities research analysts have also weighed in on CHR. CIBC raised their price target on shares of Chorus Aviation from C$10.50 to C$11.00 in a report on Thursday, January 4th. Scotiabank raised their price target on shares of Chorus Aviation from C$10.50 to C$11.00 and gave the company an “outperform” rating in a report on Wednesday, March 14th. Finally, TD Securities raised shares of Chorus Aviation from a “hold” rating to a “buy” rating and set a C$10.00 price objective for the company in a report on Thursday, March 29th. Six investment analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus price target of C$10.13.

CHR traded down C$0.08 during trading hours on Friday, reaching C$8.24. 320,726 shares of the stock traded hands, compared to its average volume of 517,665. Chorus Aviation has a fifty-two week low of C$7.15 and a fifty-two week high of C$9.86.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 17th. Shareholders of record on Thursday, March 29th will be issued a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a yield of 5.83%. The ex-dividend date is Wednesday, March 28th.

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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.

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

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