FY2024 EPS Estimates for Chorus Aviation Reduced by Analyst

Chorus Aviation Inc. (TSE:CHR) – Analysts at National Bank Financial dropped their FY2024 EPS estimates for Chorus Aviation in a report issued on Monday, February 10th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings per share of $1.09 for the year, down from their prior estimate 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.

Other analysts have also recently issued research reports about the company. CIBC raised their price objective on Chorus Aviation from C$3.25 to C$3.80 in a research report on Friday, November 8th. TD Securities boosted their price target on Chorus Aviation from C$24.00 to C$25.00 and gave the stock a “hold” rating in a research note on Tuesday. Canaccord Genuity Group increased 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. Finally, BMO Capital Markets boosted their target price on shares of Chorus Aviation from C$3.00 to C$3.75 in a research report on Friday, November 29th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Chorus Aviation has an average rating of “Moderate Buy” and a consensus target price of C$5.84.

Chorus Aviation Stock Performance

Shares of Chorus Aviation stock opened at C$19.36 on Thursday. Chorus Aviation has a one year low of C$13.93 and a one year high of C$24.08. The company has a market capitalization of C$3.70 billion, a PE ratio of 84.17, a P/E/G ratio of 0.65 and a beta of 2.14. The company has a debt-to-equity ratio of 60.07, a quick ratio of 0.53 and a current ratio of 1.45. The company has a 50-day simple moving average of C$3.65 and a two-hundred day simple moving average of C$3.14.

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.