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Cormark weighs on Corus Entertainment’s fiscal 2022 earnings (TSE:CJR)

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Corus Entertainment (EAST: CJRGet an assessment) – Cormark dropped its fiscal 2022 earnings estimates for Corus Entertainment in a report released Thursday, June 30. Cormark analyst D. Mcfadgen now expects the company to post earnings per share of $0.63 for the year, down from its previous estimate of $0.84. Cormark also released earnings estimates for Corus Entertainment for fiscal year 2023 at $0.57 EPS.

Corus Entertainment (EAST: CJRGet an assessment) last released its quarterly earnings data on Friday, April 8. The company reported earnings per share of C$0.08 for the quarter, meeting analyst consensus estimates of C$0.08. The company posted revenue of C$361.66 million in the quarter, compared to analyst estimates of C$359.90 million.

Corus Entertainment has a 52-week low of CA$6.93 and a 52-week high of CA$14.10.

In other Corus Entertainment news, Senior Officer Douglas Donovan Murphy purchased 20,000 shares of the company in a trade dated Tuesday, May 31. The shares were purchased at an average cost of CA$4.50 per share, with a total value of CA$90,000.00. Following the completion of the purchase, the insider now owns 301,675 shares of the company, valued at approximately C$1,357,537.50. Additionally, director Barry Lee James purchased 10,750 shares of the company in a trade dated Tuesday, April 19. The shares were acquired at an average cost of CA$4.50 per share, for a total transaction of CA$48,375.00. Following the completion of the purchase, the administrator now owns 28,905 shares of the company, valued at approximately C$130,072.50.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 29. Shareholders of record on Thursday, September 15 will receive a dividend of $0.06 per share. This represents an annualized dividend of $0.24 and a yield of . The ex-dividend date is Wednesday, September 14.

About Corus Entertainment (Get an assessment)

Corus Entertainment Inc is a media and content company. The company creates and delivers premium brands and content across platforms to audiences around the world. The Company’s portfolio of multimedia offerings includes 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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Corus Entertainment (TSE:CJR) earnings history and estimates

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