Corus Entertainment (OTCMKTS:CJREF) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Corus Entertainment (OTCMKTS:CJREF) announced its earnings results on Wednesday. The company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.01, MarketWatch Earnings reports. Corus Entertainment had a return on equity of 15.10% and a net margin of 10.83%.

Shares of Corus Entertainment stock opened at $4.22 on Friday. The company has a market capitalization of $879.32 million, a P/E ratio of 6.18 and a beta of 1.60. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.08. Corus Entertainment has a 52-week low of $3.38 and a 52-week high of $5.37. The company has a 50 day moving average of $3.93 and a 200 day moving average of $4.42.

The company also recently declared a dividend, which was paid on Thursday, December 30th. Investors of record on Wednesday, December 15th were paid a $0.1941 dividend. The ex-dividend date was Tuesday, December 14th. This represents a yield of 4.25%. This is an increase from Corus Entertainment’s previous dividend of $0.19. Corus Entertainment’s payout ratio is currently 29.23%.

CJREF has been the subject of a number of research analyst reports. TD Securities boosted their target price on Corus Entertainment from C$9.50 to C$10.00 and gave the company a “buy” rating in a research report on Monday, October 25th. upped their price target on shares of Corus Entertainment from C$7.50 to C$8.50 and gave the stock a “buy” rating in a report on Monday, October 25th. Finally, CIBC increased their target price on shares of Corus Entertainment from C$7.50 to C$8.00 in a report on Friday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $8.54.

Corus Entertainment Company Profile

Corus Entertainment, Inc is a media and entertainment holding company, which engages in the provision of radio broadcasting, specialty television, digital audio services, and cable advertising services. It operates through the following segments: Television and Radio. The Television segment comprises of specialty television networks, pay television services, conventional television stations, and the Corus content business.

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Earnings History for Corus Entertainment (OTCMKTS:CJREF)

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