Corus Entertainment (CJREF) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS
Corus Entertainment (OTCMKTS:CJREF) posted its earnings results on Friday. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.03, MarketWatch Earnings reports. Corus Entertainment had a negative net margin of 47.25% and a positive return on equity of 10.28%. The firm had revenue of $289.47 million during the quarter.
Shares of OTCMKTS CJREF traded up $0.20 during trading on Friday, hitting $3.72. The stock had a trading volume of 103,934 shares, compared to its average volume of 48,808. Corus Entertainment has a 12 month low of $2.75 and a 12 month high of $9.94. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $734.30 million, a price-to-earnings ratio of 3.83 and a beta of 0.42.
Separately, Canaccord Genuity upgraded shares of Corus Entertainment from a “hold” rating to a “buy” rating in a research note on Tuesday.
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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