FY2024 EPS Estimates for Chorus Aviation Lowered by Analyst

Chorus Aviation Inc. (TSE:CHR) – Equities research analysts at National Bank Financial reduced their FY2024 earnings estimates for shares of Chorus Aviation in a research note issued to investors on Monday, February 10th. National Bank Financial analyst C. Doerksen now forecasts that the company will earn $1.09 per share for the year, down from their previous forecast of $1.12. The consensus estimate for Chorus Aviation’s current full-year earnings is $0.30 per share. National Bank Financial also issued estimates for Chorus Aviation’s Q4 2024 earnings at $0.46 EPS, FY2025 earnings at $1.93 EPS and FY2026 earnings at $1.35 EPS.

CHR has been the topic of several other reports. CIBC increased their target price on shares of Chorus Aviation from C$3.25 to C$3.80 in a research note on Friday, November 8th. BMO Capital Markets raised their price objective on shares of Chorus Aviation from C$3.00 to C$3.75 in a research report on Friday, November 29th. TD Securities raised their price objective on shares of Chorus Aviation from C$24.00 to C$25.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, Canaccord Genuity Group raised their price objective on shares of Chorus Aviation from C$2.50 to C$3.10 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$5.84.

Chorus Aviation Stock Performance

TSE CHR opened at C$19.47 on Thursday. Chorus Aviation has a 1 year low of C$13.93 and a 1 year high of C$24.08. The company has a debt-to-equity ratio of 118.79, a current ratio of 1.13 and a quick ratio of 0.53. The stock has a market capitalization of C$528.81 million, a PE ratio of -32.14, a P/E/G ratio of 0.65 and a beta of 2.14. The company’s 50 day simple moving average is C$3.97 and its two-hundred day simple moving average is C$3.25.

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.