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Spin Master Outperform Rating, C$29.00 Price Target, Confirmed at National Bank of Canada

BY MT Newswires | ECONOMIC | 06/25/25 12:39 PM EDT

12:39 PM EDT, 06/25/2025 (MT Newswires) -- National Bank of Canada on Tuesday maintained an outperform rating and C$29.00 price target on the shares of Spin Master (SNMSF) , as the bank provided second quarter earnings preview for the company.

The bank expects gross product sales to rise 2.6% to US$395 million in the second quarter, total revenue to rise 5% to US$433 million and adjusted EBITDA to fall 15.5% to US$45 million.

The bank added that it is possible it "pruned too much," but believes some adjusting is necessary given it had a high Q2 estimate despite a lower than consensus annual adjusted EBITDA forecast, a change in CFO, "tariff chaos" of April, and strategic planning that took place in May.

The bank also noted that the second-quarter consensus for revenues for Hasbro [HAS:NASDAQ] contracted since mid-April to US$884 million from US$954 million and for Mattel [MAT:NASDAQ] to US$1.08 billion from US$1.11 billion.

The bank further noted that TOY was deleted from S&P/TSX Composite Index before the open on June 23.

Price: 23.42, Change: -0.09, Percent Change: -0.38

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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