National Bank Financial Analysts Raise Earnings Estimates for Spin Master Corp. (TSE:TOY)

Spin Master Corp. (TSE:TOY) – Investment analysts at National Bank Financial raised their FY2024 EPS estimates for shares of Spin Master in a research report issued to clients and investors on Wednesday, April 24th. National Bank Financial analyst A. Shine now forecasts that the company will earn $4.02 per share for the year, up from their prior forecast of $3.94. The consensus estimate for Spin Master’s current full-year earnings is $3.00 per share. National Bank Financial also issued estimates for Spin Master’s FY2025 earnings at $4.25 EPS.

Spin Master (TSE:TOY) last posted its quarterly earnings results on Wednesday, February 28th. The company reported C$0.26 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.14 by C$0.12. Spin Master had a net margin of 7.95% and a return on equity of 11.34%. The business had revenue of C$684.30 million for the quarter, compared to analysts’ expectations of C$681.03 million.

TOY has been the topic of a number of other reports. TD Securities raised shares of Spin Master from a “buy” rating to an “action list buy” rating and lowered their price objective for the company from C$50.00 to C$48.00 in a research note on Wednesday, January 24th. Jefferies Financial Group lowered their price objective on shares of Spin Master from C$41.00 to C$40.00 and set a “hold” rating on the stock in a research note on Thursday, February 15th. National Bankshares lowered their price objective on shares of Spin Master from C$42.00 to C$40.00 and set an “outperform” rating on the stock in a research note on Friday, March 1st. Royal Bank of Canada lowered their price objective on shares of Spin Master from C$50.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Monday, March 18th. Finally, Canaccord Genuity Group lowered their price objective on shares of Spin Master from C$52.00 to C$51.00 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$47.13.

Spin Master Stock Performance

TSE:TOY opened at C$30.30 on Friday. The company has a quick ratio of 2.06, a current ratio of 2.95 and a debt-to-equity ratio of 4.38. Spin Master has a fifty-two week low of C$30.22 and a fifty-two week high of C$39.55. The stock has a market cap of C$1.06 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 2.98 and a beta of 1.87. The firm’s fifty day simple moving average is C$33.16 and its 200-day simple moving average is C$34.01.

Insider Buying and Selling at Spin Master

In other news, Senior Officer Chris Harrs sold 1,453 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of C$33.25, for a total transaction of C$48,312.25. 1.59% of the stock is owned by insiders.

Spin Master Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, April 12th were issued a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.24 dividend on an annualized basis and a yield of 0.79%. Spin Master’s dividend payout ratio (DPR) is 12.37%.

Spin Master Company Profile

Spin Master Corp., a children's entertainment company, engages in the creation, design, manufacture, licensing, and marketing of various toys, entertainment products, and digital games in North America, Europe, and internationally. The Toys segment's product categories include activities, games and puzzles, and plush; wheels and action; outdoor; and preschool, dolls, and interactive products.