Corus Entertainment (OTCMKTS:CJREF) Issues Earnings Results, Beats Estimates By $0.01 EPS

Corus Entertainment (OTCMKTS:CJREF) issued its earnings results on Thursday. The company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01, MarketWatch Earnings reports. Corus Entertainment had a net margin of 11.08% and a return on equity of 15.50%.

CJREF stock traded up $0.22 during mid-day trading on Friday, reaching $4.20. 39,514 shares of the company traded hands, compared to its average volume of 7,553. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $875.15 million, a P/E ratio of 5.85 and a beta of 1.60. Corus Entertainment has a 52-week low of $3.38 and a 52-week high of $5.37. The company has a fifty day moving average price of $3.93 and a 200-day moving average price of $4.43.

The company also recently disclosed a dividend, which was paid on Thursday, December 30th. Investors of record on Wednesday, December 15th were issued a $0.1941 dividend. The ex-dividend date was Tuesday, December 14th. This represents a yield of 4.25%. This is a positive change from Corus Entertainment’s previous dividend of $0.19. Corus Entertainment’s dividend payout ratio (DPR) is 29.69%.

A number of research analysts have recently commented on CJREF shares. increased their target price 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. TD Securities increased their target price on shares of Corus Entertainment from C$9.50 to C$10.00 and gave the stock a “buy” rating in a report on Monday, October 25th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $8.46.

About Corus Entertainment

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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