|Bid||5.30 x 0|
|Ask||5.40 x 0|
|Day's Range||5.14 - 5.22|
|52 Week Range||3.20 - 8.06|
|Beta (5Y Monthly)||1.01|
|PE Ratio (TTM)||28.56|
|Forward Dividend & Yield||0.30 (5.52%)|
|Ex-Dividend Date||May 28, 2020|
|1y Target Est||N/A|
MONTREAL, June 29, 2020 -- As Canadians celebrate the nation’s 153rd birthday on July 1, they will do it with a truly Canadian soundtrack from coast-to-coast as Stingray.
Stingray (TSX: RAY.A; RAY.B), a leading music, media, and technology company, is proud to announce that the establishment of the economic stimulus plan via its 104 radio stations helped 5,000 local businesses to obtain grants in the form of radio advertising during this unprecedented crisis. A total of $20 million is awarded in markets across Canada, where Stingray operates local radio stations. The recipient business has twelve months to utilize the radio advertising towards booking and airing a radio advertising campaign and is not required to invest additional sums with Stingray radio stations to receive the grant.
B), a leading music, media, and technology company, has selected Targetspot, a pioneer in the digital audio space, to monetize the global digital audio advertising across its Stingray Music services including the free, ad-supported TV audio channels (FAST) and the Stingray Music app. Through this partnership, advertisers and brands will be able to easily purchase Stingray audio inventory and connect with an ever-expanding audience of music aficionados.
It's been a pretty great week for Stingray Group Inc. (TSE:RAY.A) shareholders, with its shares surging 11% to CA$4.63...
MONTREAL, June 04, 2020 -- Stingray (TSX: RAY.A; RAY. B), a leading music, media and technology company, today announced that it has reached an agreement with Shaw.
MONTREAL — Stingray Group Inc. swung to an $8.5-million loss in the fourth quarter of its fiscal year as radio revenues declined due to the initial impact of the COVID-19 pandemic.The Montreal-based company, which provides an advertising-free music service, says it lost 11 cents per diluted share for the period ended March 31.That compared with a profit of six cents per share or $3.9 million a year earlier.Excluding one-time items, adjusted earnings fell 31.4 per cent to $10.1 million or 13 cents per share, down from $14.7 million or 21 cents per share in the final quarter of 2019.Revenues dropped six per cent to $68.4 million from $72.7 million.Radio revenues decreased 12 per cent, while broadcasting and commercial music revenues were down 0.6 per cent.Adjusted earnings were expected to be 17 cents per share on $73.3 million in revenues, according to financial markets data firm Refinitiv.For the full-year, Stingray earned nearly $14 million or 18 cents per share on $306.7 million of revenues, up from a loss of almost $12 million or 19 cents per share on $212.7 million of revenues.Adjusted profits surged 40.7 per cent to $55.9 million or 74 cents per share, compared with $39.7 million or 61 cents per share in 2019.This report by The Canadian Press was first published June 3, 2020.Companies in this story: (TSX:RAY.A)The Canadian Press
Fourth Quarter Highlights Revenues decreased 6.0% to $68.4 million from $72.7 million, primarily due to the initial impact of the COVID-19 pandemic on Radio revenues..
B), a leading music, media and technology company, and Rogers Communications, today announced the expansion of their distribution deal to give Rogers Ignite TVTM customers access to Qello Concerts by Stingray and Stingray Karaoke. “Stingray is committed to delivering new entertainment platforms for music fans,” said Mathieu Péloquin, Senior Vice-President, Marketing and Communications of Stingray. “We are excited to grow our partnership with Stingray and give Ignite TV customers access to even more curated music content across multiple channels,” said Eric Bruno, SVP – 5G, Content and Connected Home Products.
MONTREAL, May 20, 2020 -- Stingray Group Inc. (TSX: RAY.A; RAY.B) (the “Corporation”; “Stingray”) today announced that the Board of Directors has declared a quarterly dividend.
Anyone researching Stingray Group Inc. (TSE:RAY.A) might want to consider the historical volatility of the share...
Stingray (TSX: RAY.A; RAY.B), a leading music, media, and technology company, will do its part to kick-start Canada’s economic recovery and is proud to announce the establishment of an economic stimulus plan via its 104 radio stations across the country to help local businesses obtain grants in the form of radio advertising during this unprecedented crisis. Through this program, Stingray will provide a minimum of $15 million in radio advertising grants to local businesses in markets across Canada where Stingray operates local radio stations. Stimulant grants will range from a minimum of $1000 up to a maximum of $100,000 in radio advertising per business.
Stingray Group Inc. (TSX: RAY.A; RAY.B), a leading music, media, and technology company, today announced that it has acquired its trusted affiliate Marketing Sensorial México (MSM), the Mexican leader in point-of-sale marketing solutions. The agreement furthers Stingray Business’ foothold in Mexico. As the current partner of Stingray Business for the 1,500 pharmacy locations and additional 1,500 medical clinics operated by Farmacias del Ahorro in Mexico, MSM specializes in digital signage content production, in-store music and the sale and/or lease of audio and visual equipment.
MONTREAL, May 04, 2020 -- Stingray Group Inc. (TSX: RAY.A; RAY.B) will release its financial results for the fourth quarter and fiscal year ended March 31, 2020, on Wednesday,.
Stingray Group Inc. (TSE:RAY.A) shareholders should be happy to see the share price up 23% in the last month. But that...
MONTREAL, April 14, 2020 -- Stingray (TSX: RAY. A; RAY.B), a leading music, media, and technology company, today announced the launch of free, ad supported TV channels and.
Stingray Group Inc (TSX: RAY.A; RAY.B) (“Stingray”), a leading music, media and technology company, today announced that it has received approval of the Toronto Stock Exchange (“TSX”) to amend its normal course issuer bid (“NCIB”) in order to increase the maximum number of subordinate voting shares and variable subordinate voting shares (collectively, “Subordinate Shares”) that it intends to repurchase for cancellation during the twelve month period ending August 15, 2020 from 2,924,220 Subordinate Shares to 4,903,887 Subordinate Shares, representing approximately 10% of the public float of Subordinate Voting Shares as at August 7, 2019. All other terms and conditions of the NCIB remain unchanged. The Subordinate Shares will be purchased on behalf of Stingray by a registered broker through the facilities of the TSX or alternative Canadian trading systems.
Starting today, Stingray will give one-month access to free content in three of its popular apps: Stingray Karaoke, Stingray Qello, and Stingray Classica. The Stingray Karaoke app’s entire catalog of over 50,000 songs will provide hours of fun for those looking for ways to pass the time and lift their spirits during work and school shutdowns. For concert-lovers, Stingray Qello will unlock popular titles of full-length productions with a special focus on artists who have canceled or postponed their shows.
MONTREAL, March 06, 2020 -- Stingray (TSX: RAY. A; RAY. B.), a leading music, media, and technology company, today announced that it has acquired 30% interest in The Podcast.
Stingray Group Inc. (TSE:RAY.A) is about to trade ex-dividend in the next 4 days. Ex-dividend means that investors...
MONTREAL, Feb. 18, 2020 -- Stingray (TSX: RAY.A; RAY.B), a leading music, media and technology company, today announced the premiere launch of Stingray Country, a music video.
Third Quarter Highlights Revenues increased to $81.3 million, an increase of 14.9% YoYOrganic growth of 3.3% excluding the impact of foreign exchange, primarily due to.
Stingray’s commercial services division, Stingray Business, is poised to expand its activities with the acquisition of Chatter Research Inc., a Toronto-based leader in the design, development, and implementation of AI driven real-time customer feedback solutions for retail and hospitality businesses. Founded in 2016, Chatter has designed, developed and deployed its own proprietary customer research and real-time feedback platform powered by AI and big data. The company’s combination of free-text chats and machine learning captures unique customer insights and allows business owners to improve customer satisfaction and drive sales.
Eric Boyko has been the CEO of Stingray Group Inc. (TSE:RAY.A) since 2007. First, this article will compare CEO...
Tune in free to a night of music and art celebrating mental wellness, presented by American Campus Communities. Star-studded lineup includes Cage the Elephant, White Denim,.