National Bank Financial Weighs in on Chorus Aviation Inc’s Q1 2018 Earnings (TSE:CHR)

Chorus Aviation Inc (TSE:CHR) – Stock analysts at National Bank Financial decreased their Q1 2018 earnings per share (EPS) estimates for Chorus Aviation in a research note issued on Tuesday, March 13th, according to Zacks Investment Research. National Bank Financial analyst C. Doerksen now expects that the company will earn $0.24 per share for the quarter, down from their prior forecast of $0.26. National Bank Financial also issued estimates for Chorus Aviation’s FY2019 earnings at $1.34 EPS.

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Several other brokerages have also issued reports on CHR. CIBC lifted their target price on shares of Chorus Aviation from C$10.50 to C$11.00 in a research report on Thursday, January 4th. TD Securities upgraded shares of Chorus Aviation from a “hold” rating to a “buy” rating and set a C$10.00 target price on the stock in a research report on Thursday, March 29th. Finally, Scotiabank lifted their target price on shares of Chorus Aviation from C$10.50 to C$11.00 and gave the company an “outperform” rating in a research report on Wednesday, March 14th. Six research analysts have rated the stock with a buy rating, Chorus Aviation currently has an average rating of “Buy” and an average price target of C$10.13.

Shares of TSE CHR traded down C$0.08 during trading on Thursday, hitting C$8.24. The company had a trading volume of 320,726 shares, 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.

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

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 17th. Stockholders of record on Thursday, March 29th will be paid a $0.04 dividend. This represents a $0.48 annualized dividend and a dividend yield of 5.83%. The ex-dividend date of this dividend is Wednesday, March 28th.

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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.

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

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