|Bid||38.96 x 0|
|Ask||38.98 x 0|
|Day's Range||38.68 - 39.07|
|52 Week Range||34.82 - 47.75|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||25.83|
|Earnings Date||Nov. 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||35.62|
If you're looking for timely bets, consider Canada Goose Holdings Inc. (TSX:GOOS)(NYSE:GOOS) and another stock that could skyrocket into year-end.
TORONTO , Nov. 11, 2019 /CNW/ - Spin Master Corp. (TSX: TOY; www.spinmaster.com ), a leading global children's entertainment company, continues to build on its legacy of innovation, racking up seven nominations ...
Toronto-based Spin Master Corp. say it is grappling with several layers of disruption caused by the trade dispute between the U.S. and China.Benoit Gadbois, president of the toy company, said on a conference call Wednesday that Spin Master has had to shift production, shipping schedules, warehousing and deal with changing demands from buyers as uncertainty continues on tariffs between the world's two largest economies.He said changing rules about which items were subjected to tariffs "was disruptive to our's and the industry's supply chain."The company said it was forced to rush in shipments from China to the U.S. to get them in before another round of tariffs, which put pressure on its supply chain and drove freight costs higher.It also found that warehouses for some of its retail customers were filling up as they also tried to bring in inventory to avoid tariffs, further complicating plans.The logistics crunch in the third quarter, which helped push about US$40 million in shipments to the fourth quarter, came as the company also works towards a wider diversification push outside of China.The disruptions knocked down its adjusted net income to US$93.2 million, or 90 cents per share, lower than the US$129 million or $1.23 per share analysts were expecting, according to financial markets data firm Refinitiv.Gadbois said the company expects to have less than half of its sourcing come from China by the end of next year, down from 70 per cent two years ago and over 90 per cent when it went public in 2015."Our diversification program out of China accelerated this year due to the U.S.-China tariff dispute," said Gadbois.The trade disruptions are part of wider pressures it faces as the retail landscape continues to evolve rapidly. The company says it has also had to restructure its warehousing strategy to respond to more online orders that require just-in-time shipping, while it is also moving more into direct marketing to customers.Spin Master bought app developers Toca Boca and Sago Mini back in 2016 and is working to use them to compete in the kids mobile app and direct-to-consumer space, with the two companies averaging over 20 million monthly active users.Company board chairman Ronnen Harary said on the call that the company continues to hunt for acquisitions, but that private equity is driving up valuations in the mid- to -large-size toy space to unsustainable levels. This report by The Canadian Press was first published Nov. 6, 2019.Companies in this story: (TSX:TOY)The Canadian Press
TORONTO — Spin Master Corp. says earnings dropped in the third quarter as several challenges, including U.S. tariffs on Chinese production, affected results.The Toronto-based toy manufacturer, which reports in U.S. dollars, says it earned $92.1 million, or 89 cents per share in the quarter ending Sept. 30, compared with $107.9 or $1.06 per share in the same quarter last year.It says adjusted net income was $93.2 million, or 90 cents per share, compared with $117.7 million or $1.15 per share last year.Revenue was $548.1 million, down from $620 million for the third quarter last year.Analysts had expected adjusted income of $129 million, or $1.23 per share, and revenue of $632.2 million, according to financial markets data firm Refinitiv.The company says efforts to shift production out of China and warehouse consolidation created congestion in its U.S. supply chain to push a significant volume of shipments and orders to the fourth quarter.This report by The Canadian Press was first published Nov. 5, 2019.Companies in this story: (TSX:TOY) The Canadian Press
Reaffirms 2019 Gross Product Sales Outlook Amid Shift from Q3 to Q4 TORONTO , Nov. 5, 2019 /CNW/ - Spin Master Corp. ("Spin Master" or the "Company") (TSX: TOY; www.spinmaster.com ), ...
Companies like Spin Master Corp. (TSX:TOY) tend to do very well in bull markets, but when the tides turn, investors can be left holding the bag.
TORONTO , Oct. 19, 2019 /CNW/ - Spin Master Corp. (TSX: TOY; www.spinmaster.com ), a leading global children's entertainment company, hosted premiere screenings of PAW Patrol TM : Mighty Pups Super Paws ...
TORONTO , Oct. 10, 2019 /CNW/ - Spin Master Corp. ("Spin Master") (TSX: TOY), a leading global children's entertainment company, will report its third quarter 2019 financial results after markets ...
Why young investors should still consider growth stocks like Spin Master Corp. (TSX:TOY) amid the growth-to-value rotation.
TORONTO, Sept. 27, 2019 /CNW/ - Spin Master Corp. (TSX: TOY; www.spinmaster.com), a leading children's entertainment company, announced today the launch of Owleez, the first ever interactive toy pet that kids can teach how to fly. With over 100 interactive sounds and movements, the baby owl responds to touch, love and care. "We are incredibly excited to introduce Owleez, our first ever interactive toy pet that can fly," says Kate Keller, VP Marketing RC.
TORONTO , Sept. 26, 2019 /CNW/ - Spin Master Corp. (TSX:TOY; www.spinmaster.com ), a leading children's entertainment company announced today that it has prevailed in a lawsuit alleging that its preschool ...
If you own shares in Spin Master Corp. (TSE:TOY) then it's worth thinking about how it contributes to the volatility...
Winning over their hearts are Spin Master's Juno My Baby Elephant™, Owleez™, Monster Jam™ Mega Grave Digger RC Truck, PAW Patrol™ Mighty Lookout Tower, Cool Maker™ Go Glam™ Nail Stamper and DreamWorks Dragons, Interactive Hatching Toothless Dragon.
Spin Master Corp. (TSX: TOY; www.spinmaster.com), a leading global children's entertainment company, reveals its cool fall launches that will be the talk of the playground with school back in session. Now, Twisty Petz lovers can add to their collection with these plush pets with a secret twist. Bring the salon home with the Go Glam™ Nail Stamper.
Fairfax India Financial Corp (TSX:FIH.U) and these two other stocks can give Canadian investors some important geographical diversification in their portfolios.