Corus Entertainment Inc. (TSE:CJR) – National Bank Financial cut their FY2018 earnings per share estimates for Corus Entertainment in a report issued on Wednesday, according to Zacks Investment Research. National Bank Financial analyst A. Shine now forecasts that the company will post earnings of $0.98 per share for the year, down from their prior forecast of $1.10. National Bank Financial currently has a “Sector Perform Market Weight” rating on the stock. National Bank Financial also issued estimates for Corus Entertainment’s FY2019 earnings at $0.99 EPS.
Separately, Desjardins lowered shares of Corus Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th.
Shares of Corus Entertainment (CJR) traded up C$0.12 during trading hours on Friday, hitting C$8.28. 1,160,000 shares of the stock were exchanged, compared to its average volume of 799,763. The firm has a market capitalization of $1,690.00, a price-to-earnings ratio of 8.54 and a beta of 0.26. Corus Entertainment has a 52 week low of C$7.96 and a 52 week high of C$14.10.
Corus Entertainment (TSE:CJR) last issued its earnings results on Wednesday, January 10th. The company reported C$0.38 earnings per share for the quarter, missing analysts’ consensus estimates 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%. TRADEMARK VIOLATION NOTICE: This piece was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2018/01/20/research-analysts-offer-predictions-for-corus-entertainment-inc-s-fy2018-earnings-cjr.html.
About Corus Entertainment
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.
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