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Corus Entertainment Inc. (CJR-B.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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6.26+0.41 (+7.01%)
At close: 4:00PM EDT
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Previous Close5.85
Open6.15
Bid6.24 x 0
Ask6.25 x 0
Day's Range5.99 - 6.34
52 Week Range2.29 - 6.50
Volume2,520,951
Avg. Volume998,228
Market Cap1.304B
Beta (5Y Monthly)1.74
PE Ratio (TTM)N/A
EPS (TTM)-3.00
Earnings DateN/A
Forward Dividend & Yield0.24 (3.83%)
Ex-Dividend DateMar. 12, 2021
1y Target Est6.86
  • The Canadian Press

    Most actively traded companies on the Toronto Stock Exchange

    TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (19,228.03, down 0.84 of a point.) The Supreme Cannabis Co. Inc. (TSX:FIRE). Health care. Up half a cent, or 1.27 per cent, to 40 cents on 28.5 million shares. The Toronto-Dominion Bank. (TSX:TD). Financials. Up 20 cents, or 0.24 per cent, to $82.88 on 9.7 million shares. Trican Well Service Ltd. (TSX:TCW). Energy. Down four cents, or 1.91 per cent, to $2.05 on 4.1 million shares. I3 Energy Plc. (TSX:ITE). Energy. Down half a cent, or 2.86 per cent, to 17 cents on 3.9 million shares. Nutrien Ltd. (TSX:NTR), Materials. Up seven cents, or 0.1 per cent, to $68.75 on 3.7 million shares. Organigram Holdings Inc. (TSX:OGI). Health care. Down 15 cents, or 3.78 per cent, to $3.82 on 3.7 million shares. Companies in the news: Barrick Gold Corp. (TSX:ABX). Down one cent to $26.57. Barrick Gold Corp. says its suspended gold mine in Papua New Guinea will resume operations later this year after negotiations to settle a bitter dispute with the national government resulted in the state taking a much larger ownership stake. The Porgera gold mine was suspended last April when the government refused to renew the special mining lease for operator Barrick Niugini Ltd., a 50-50 joint venture owned by Toronto-based Barrick and China's Zijin Mining Group Ltd. Under the renegotiated agreement, the 95 per cent stake in the mine held by BNL drops to 49 per cent and the government's ownership jumps from five per cent to 51 per cent, although BNL will still be the operator. However, Barrick says the economic benefits generated over the life of mine are to be split on a 53-47 per cent basis with the larger share going to the government. It says BNL has to pay all the capital costs of restarting the mine and, in 10 years, the state will have the right to buy its 49 per cent stake at fair market value. MTY Food Group Inc. (TSX:MTY). Down 57 cents, or one per cent, to $55.60. MTY Food Group Inc. continued to grapple with the impact of the pandemic in its latest quarter as the drop in fast-food sales at malls and office towers took a bite out of profits. The restaurant franchisor and operator behind more than 80 brands including food court staples like Thai Express and Tiki-Ming reported a first-quarter profit of $13.4 million on Friday — down from $19 million a year ago. The Montreal-based company said sales at malls were down 69 per cent while office tower sales fell 89 per cent. The staggering decline in food court sales left restaurants with street access accounting for 84 per cent of MTY's system-wide sales. Eric Lefebvre, chief executive of MTY, said the pandemic's disruption will have a lasting impact on the company but it's unclear whether the shift in customer consumption patterns will be permanent. Lefebvre said while the "lesser malls" might disappear in the future, the "good malls will always exist." Corus Entertainment Inc. (TSX:CJR.B). Up 41 cents, or seven per cent, to $6.26. Corus Entertainment Inc. announced a distribution deal with U.S. streaming service Hulu Friday as it reported better-than-expected second-quarter financial results. The Toronto-based company — which owns one of Canada's largest radio groups, the Global television network and dozens of specialty cable channels — said its Corus Studios division has signed a deal to sell more than 200 episodes of programming to Hulu. Hulu — jointly owned by Disney and NBCUniversal — will acquire the first three seasons of "Backyard Builds" as well as other renovation and food-related titles such as "Family Home Overhaul," "$ave My Reno" and "Big Food Bucket List." Financial details of the deal weren't announced, but Corus chief executive Doug Murphy told analysts on a conference call that it was a "breakthrough" multi-year agreement. It reported a second-quarter profit of $35.3 million or 17 cents per diluted share for the quarter ended Feb. 28, up from $18.5 million or nine cents per diluted share a year earlier. Revenue totalled nearly $358.9 million, down from nearly $376 million. Redline Communications. (TSX:RDL). Up one cent, or 1.9 per cent, to 54 cents. Redline Communications will receive $14 million in federal funds to design high-speed wireless equipment for use in the mining, utilities and oil and gas sectors. Funds for Redline's 5G technology project comes from the federal government's strategic innovation fund for eligible corporations doing business in Canada. The funds will support a $39.5-million Redline project that the company says will create or maintains 111 jobs and up to 13 co-op jobs. Redline's project will design high-speed wireless equipment to remotely monitor machinery for the mining, utility and oil and gas industries. The previously announced strategic innovation fund is designed to provide contributions of $10 million or more toward projects with total costs of at least $20 million. This report by The Canadian Press was first published April 9, 2021. The Canadian Press

  • Baystreet

    Stocks in play: Corus Entertainment Inc.

    Announced its second-quarter financial results today. Consolidated revenues declined 5% for the quarter ...

  • Corus lands deal with U.S. streamer Hulu, CEO says Canadian ad revenue rising
    The Canadian Press

    Corus lands deal with U.S. streamer Hulu, CEO says Canadian ad revenue rising

    TORONTO — Corus Entertainment Inc. announced a distribution deal with U.S. streaming service Hulu Friday as it reported better-than-expected second-quarter financial results. The Toronto-based company — which owns one of Canada's largest radio groups, the Global television network and dozens of specialty cable channels — said its Corus Studios division has signed a deal to sell more than 200 episodes of programming to Hulu. Hulu — jointly owned by Disney and NBCUniversal — will acquire the first three seasons of "Backyard Builds" as well as other renovation and food-related titles such as "Family Home Overhaul", "$ave My Reno" and "Big Food Bucket List." Financial details of the deal weren't announced, but Corus chief executive Doug Murphy told analysts on a conference call that it was a "breakthrough" multi-year agreement. Murphy also said Corus has had very positive momentum with advertisers, the major source of revenue for its television and radio businesses. "We're going to be up a lot in Q3. Full stop. The question is, how big," Murphy said, referring to the third quarter ending May 31. Murphy said the latest round of restrictions due to the pandemic will delay growth for some categories of advertising — such as those attuned to entertainment and dining — but other categories that have been doing well will continue to do well. Corus's second-quarter results topped expectations as it reported that its profit for the three months ended Feb. 28 nearly doubled compared with a year ago. The quarter was helped by a continued recovery in TV advertising revenue, new subscribers to its paid streaming services and growth in its content licensing business, Corus said. It reported a second-quarter profit of $35.3 million or 17 cents per diluted share for the quarter ended Feb. 28, up from $18.5 million or nine cents per diluted share a year earlier. Revenue totalled nearly $358.9 million, down from nearly $376 million. On an adjusted basis, Corus says it earned 18 cents per share in its latest quarter, up from an adjusted profit of 12 cents per share in the same quarter last year. Analysts on average had expected an adjusted profit of 12 cents per share for the quarter, according to financial data firm Refinitiv. This report by The Canadian Press was first published April 9, 2021. Companies in this story: (TSX:CJR.B) David Paddon, The Canadian Press