Corus Entertainment (TSE:CJR.B) Issues Earnings Results

Corus Entertainment (TSE:CJR.B) posted its earnings results on Wednesday. The company reported C($0.01) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$267.57 million for the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%.

Corus Entertainment Stock Down 12.5%

TSE CJR.B opened at C$0.04 on Wednesday. Corus Entertainment has a 12 month low of C$0.03 and a 12 month high of C$0.14. The company has a market capitalization of C$6.98 million, a P/E ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.68. The company’s 50 day simple moving average is C$0.04 and its 200 day simple moving average is C$0.07. The company has a debt-to-equity ratio of 254.56, a current ratio of 0.69 and a quick ratio of 0.70.

Wall Street Analyst Weigh In

Several research firms recently commented on CJR.B. Royal Bank Of Canada reduced their price objective on Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating for the company in a research note on Wednesday, October 29th. TD Securities dropped their target price on shares of Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating for the company in a report on Tuesday, November 4th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Corus Entertainment currently has a consensus rating of “Reduce” and a consensus price target of C$0.08.

About Corus Entertainment

Corus Entertainment Inc is a media and content company that operates in the diversified media industry. The company has two business segments, which includes television, and radio. The television business segment has a portfolio of television channels. The radio business segment controls a number of stations that cater to both the music, news, and talk radio markets. The company generates the vast majority of its revenue in Canada.