Chorus Aviation Inc (TSE:CHR) – Research analysts at Cormark reduced their Q4 2019 earnings estimates for shares of Chorus Aviation in a research note issued to investors on Friday, November 15th. Cormark analyst D. Ocampo now expects that the company will earn $0.21 per share for the quarter, down from their previous forecast of $0.22. Cormark also issued estimates for Chorus Aviation’s Q1 2020 earnings at $0.16 EPS and FY2022 earnings at $1.07 EPS.
A number of other analysts have also commented on CHR. Royal Bank of Canada decreased their price objective on Chorus Aviation from C$9.50 to C$9.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. CIBC boosted their price objective on Chorus Aviation from C$9.00 to C$10.00 in a report on Friday. Finally, National Bank Financial reissued an “outperfrom under weight” rating on shares of Chorus Aviation in a report on Tuesday, August 13th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of C$9.21.
The firm also recently announced a monthly dividend, which will be paid on Monday, November 18th. Stockholders of record on Thursday, October 31st will be issued a $0.04 dividend. This represents a $0.48 annualized dividend and a dividend yield of 5.88%. The ex-dividend date is Wednesday, October 30th. Chorus Aviation’s dividend payout ratio is presently 61.30%.
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 694 departures per weekday to 60 destinations in Canada, as well as 18 destinations in the United States.
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