Research Analysts Set Expectations for Corus Entertainment Inc.’s FY2019 Earnings (CJR)

Corus Entertainment Inc. (TSE:CJR) – Research analysts at Cormark cut their FY2019 earnings estimates for Corus Entertainment in a research report issued to clients and investors on Thursday. Cormark analyst D. Mcfadgen now anticipates that the company will post earnings of $0.79 per share for the year, down from their prior estimate of $1.02.

Corus Entertainment (TSE:CJR) last released its quarterly earnings results on Wednesday, January 10th. The company reported C$0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.43 by C($0.05). Corus Entertainment had a net margin of 18.59% and a return on equity of 12.70%.

CJR has been the topic of several other research reports. Desjardins restated a “buy” rating on shares of Corus Entertainment in a research report on Thursday, October 5th. National Bank Financial lowered shares of Corus Entertainment from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Wednesday, January 10th.

Corus Entertainment (CJR) traded down C$0.15 during mid-day trading on Monday, reaching C$8.32. 1,260,000 shares of the company traded hands, compared to its average volume of 743,316. The firm has a market capitalization of $1,690.00, a price-to-earnings ratio of 8.58 and a beta of 0.26. Corus Entertainment has a 52 week low of C$8.18 and a 52 week high of C$14.10.

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Corus Entertainment Company Profile

Corus Entertainment Inc is a media and content company. The Company creates and delivers quality brands and content across platforms for audiences around the world. The Company’s portfolio of multimedia offerings encompasses 45 specialty television services, 39 radio stations, 15 conventional television stations, a global content business, digital assets, live events, children’s book publishing, animation software, technology and media services.

Earnings History and Estimates for Corus Entertainment (TSE:CJR)

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