Spin Master (TSE:TOY) Lowered to “Sector Perform Under Weight” at National Bank Financial

Spin Master (TSE:TOY) was downgraded by research analysts at National Bank Financial from an “outperfrom under weight” rating to a “sector perform under weight” rating in a note issued to investors on Wednesday, Zacks.com reports. National Bank Financial also issued estimates for Spin Master’s Q3 2024 earnings at $1.87 EPS and Q4 2024 earnings at $1.22 EPS.

Several other research firms also recently weighed in on TOY. CIBC reduced their price target on shares of Spin Master from C$41.00 to C$37.00 in a research report on Thursday. Stifel Nicolaus decreased their target price on Spin Master from C$50.00 to C$45.00 in a research report on Thursday. Jefferies Financial Group dropped their price target on Spin Master from C$40.00 to C$35.00 in a research report on Thursday. TD Securities decreased their price objective on Spin Master from C$48.00 to C$46.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Royal Bank of Canada reduced their target price on shares of Spin Master from C$50.00 to C$46.00 and set an “outperform” rating for the company in a research report on Monday, March 18th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Spin Master has a consensus rating of “Moderate Buy” and an average price target of C$44.50.

Spin Master Stock Down 1.3 %

Spin Master stock opened at C$29.01 on Wednesday. Spin Master has a 12 month low of C$27.52 and a 12 month high of C$37.73. The stock has a market capitalization of C$1.02 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 2.98 and a beta of 1.87. The company has a debt-to-equity ratio of 4.38, a current ratio of 2.95 and a quick ratio of 2.06. The business has a 50 day simple moving average of C$32.39 and a 200-day simple moving average of C$33.60.

Spin Master (TSE:TOY) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$0.26 EPS for the quarter, topping the consensus estimate of C$0.14 by C$0.12. The company had revenue of C$684.30 million during the quarter, compared to analyst estimates of C$681.03 million. Spin Master had a net margin of 7.95% and a return on equity of 11.34%. On average, analysts anticipate that Spin Master will post 2.9973592 EPS for the current fiscal year.

Insiders Place Their Bets

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

About Spin Master

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.