Corus Entertainment (OTCMKTS:CJREF) Releases Earnings Results, Misses Estimates By $0.04 EPS

Corus Entertainment (OTCMKTS:CJREF) released its quarterly earnings results on Friday. The company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.04), MarketWatch Earnings reports. Corus Entertainment had a net margin of 11.06% and a return on equity of 11.37%. The business had revenue of $262.53 million for the quarter.

OTCMKTS:CJREF opened at $2.14 on Friday. The stock’s fifty day simple moving average is $2.43 and its 200-day simple moving average is $2.98. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $443.00 million, a P/E ratio of -0.93 and a beta of 1.32. Corus Entertainment has a 12-month low of $1.25 and a 12-month high of $4.82.

CJREF has been the topic of a number of recent research reports. Royal Bank of Canada decreased their price objective on Corus Entertainment from $7.00 to $4.00 and set a “sector perform” rating on the stock in a research report on Monday, March 30th. Scotiabank raised their price target on Corus Entertainment from $4.00 to $5.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 26th. BMO Capital Markets reduced their price target on Corus Entertainment from $6.50 to $3.00 and set a “market perform” rating on the stock in a research report on Thursday, April 2nd. National Bank Financial upgraded Corus Entertainment from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, June 3rd. Finally, CIBC reduced their price target on Corus Entertainment from $9.00 to $5.00 and set an “outperform” rating on the stock in a research report on Thursday, April 2nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $4.70.

About Corus Entertainment

Corus Entertainment Inc, a media and content company, operates specialty and conventional television networks, and radio stations in Canada and internationally. It operates through two segments, Television and Radio. The Television segment operates 44 specialty television networks and 15 conventional television stations.

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Earnings History for Corus Entertainment (OTCMKTS:CJREF)

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