Corus Entertainment (OTCMKTS:CJREF) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Corus Entertainment (OTCMKTS:CJREF) announced its quarterly earnings results on Friday. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.04, MarketWatch Earnings reports. Corus Entertainment had a positive return on equity of 1.72% and a negative net margin of 56.36%. The firm had revenue of $254.15 million for the quarter.

Corus Entertainment Stock Down 22.4 %

CJREF stock opened at $0.50 on Monday. The stock has a market cap of $98.56 million, a price-to-earnings ratio of -0.32 and a beta of 1.71. The company’s 50 day moving average is $0.81 and its 200 day moving average is $0.94. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.37. Corus Entertainment has a 1-year low of $0.48 and a 1-year high of $1.82.

Analyst Ratings Changes

CJREF has been the topic of several analyst reports. CIBC decreased their price target on Corus Entertainment from C$2.00 to C$1.75 in a research report on Tuesday, October 3rd. National Bank Financial cut shares of Corus Entertainment from a “sector perform” rating to an “underperform” rating in a research report on Wednesday, September 13th. Finally, BMO Capital Markets upped their price objective on shares of Corus Entertainment from C$1.75 to C$2.15 in a research report on Friday, July 14th.

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 in two segments, Television and Radio. The Television segment operates 33 specialty television networks and 15 conventional television stations.