National Bank Financial Analysts Reduce Earnings Estimates for Corus Entertainment Inc. (TSE:CJR)

Corus Entertainment Inc. (TSE:CJR) – Analysts at National Bank Financial decreased their FY2018 earnings per share (EPS) estimates for Corus Entertainment in a research report issued on Wednesday, Zacks Investment Research reports. National Bank Financial analyst A. Shine now forecasts that the company will earn $0.98 per share for the year, down from their previous estimate of $1.10. National Bank Financial 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.

Corus Entertainment (TSE:CJR) last issued its quarterly earnings data on Wednesday, January 10th. The company reported C$0.38 earnings per share (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%.

Separately, Desjardins downgraded Corus Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th.

Shares of Corus Entertainment (CJR) traded down C$0.18 during trading hours on Friday, hitting C$8.28. The stock had a trading volume of 531,630 shares, compared to its average volume of 1,050,000. Corus Entertainment has a twelve month low of C$7.96 and a twelve month high of C$14.10. The stock has a market capitalization of $1,690.00, a P/E ratio of 8.54 and a beta of -0.02.

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

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