Corus (TSX:CJR.B) posts Q4 profit. An entertainment stock to buy?

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 Corus (TSX:CJR.B) posts Q4 profit. An entertainment stock to buy?
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Highlights 

  • In Q4 2021, Corus Entertainment's total revenues were C$ 361.3 million, representing an increase of 13 per cent year-over-year (YoY).
  • Corus Entertainment has announced a quarterly dividend for Class B and Class A shareholders. Class B shareholders.
  • On April 12, 2021, the Corus Entertainment stock clocked a 52-week high of C$ 6.535 per share.

The Toronto-based multinational mass media and entertainment company Corus Entertainment Inc. (TSX:CJR.B) announced results for the fourth quarter of this year and said it achieved a net income of C$ 19.9 million, down from C$ 30.3 million in the same quarter of fiscal 2020.

The media and content company said that its profit amounted to 10 cents per diluted share in Q4 2021 compared to 15 cents per diluted share in Q4 2020. 

Corus Entertainment's (TSX:CJR.B) stock and financial performance 

In Q4 2021, Corus Entertainment's total revenues were C$ 361.3 million, representing an increase of 13 per cent year-over-year (YoY). Meanwhile, for the year ended August 31, 2021, the revenues were C$ 1.54 billion, up from C$ 1.51 billion in 2020. 

The company has two major operating segments- Television and Radio. Both the segments recorded a surge in revenues in Q4 2021. The television segment's revenue increased by 12 per cent YoY, and Radio's climbed by 32 per cent in the same period. 

While the net income was down by 34 per cent YoY in Q4 2021, the net income in fiscal 2021 was C$ 172.6 million compared to a net loss of C$ 625.4 million in 2020. 

The Board of Directors of Corus Entertainment have announced a quarterly dividend for Class B and Class A shareholders. Class B shareholders will be paid a quarterly dividend of C4 0.06 per unit, and Class A shareholders will get C$ 0.05875 per unit payable on December 30, 2021. 

Corus Entertainment Stock

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Corus Entertainment's return on equity (ROE) is 19.1 per cent, and it holds a debt-to-equity (D/E) ratio of 1.32. 

Also Read: 5 Canadian entertainment stocks to buy

The media and entertainment company's stock expanded by about 36 per cent year-to-date (YTD) and 85.4 per cent since the last twelve months.

Bottom line

On April 12, 2021, the CJR stock clocked a 52-week high of C$ 6.535 per share and ever since then, the stock seems to have remained undervalued. Despite solid financial performance compared to the previous year, the stock has not breached the 52-week high. 


At market close on October 21, the CJR stock was priced at C$ 5.82 apiece, and it could surge in future as the company seems to be on an upward trajectory.

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