Spin Master Corp. (TSE:TOY) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Spin Master Corp. (TSE:TOY) have been given an average rating of “Moderate Buy” by the eight brokerages that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$26.63.

Several analysts recently weighed in on the company. TD Securities lowered their price objective on Spin Master from C$30.00 to C$26.00 and set a “buy” rating for the company in a report on Thursday, January 29th. National Bankshares dropped their price target on Spin Master from C$27.00 to C$25.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 13th. Jefferies Financial Group reduced their price objective on Spin Master from C$28.00 to C$26.00 in a research note on Friday, October 31st. Canaccord Genuity Group lowered their target price on shares of Spin Master from C$24.00 to C$20.00 in a research note on Wednesday, October 22nd. Finally, Canadian Imperial Bank of Commerce raised their price target on shares of Spin Master from C$23.00 to C$25.00 in a research report on Friday, October 31st.

Spin Master Stock Up 1.9%

Shares of TSE:TOY opened at C$20.24 on Wednesday. The firm has a market cap of C$2.04 billion, a PE ratio of 37.48, a price-to-earnings-growth ratio of 0.57 and a beta of 0.61. The company has a fifty day simple moving average of C$19.68 and a 200 day simple moving average of C$20.60. The company has a current ratio of 1.14, a quick ratio of 2.06 and a debt-to-equity ratio of 39.61. Spin Master has a 12-month low of C$18.46 and a 12-month high of C$31.54.

Spin Master (TSE:TOY) last announced its quarterly earnings data on Thursday, October 30th. The company reported C$1.11 earnings per share for the quarter. The company had revenue of C$1.02 billion during the quarter. Spin Master had a net margin of 1.45% and a return on equity of 2.24%. On average, equities research analysts anticipate that Spin Master will post 3.1361829 EPS for the current fiscal year.

Spin Master Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, January 9th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Wednesday, December 24th. Spin Master’s dividend payout ratio is presently 63.22%.

Spin Master Company Profile

Spin Master is a children’s entertainment company operating in the roughly $100 billion global toy industry. The company creates, designs, manufactures, and markets a portfolio of products, brands, and entertainment properties across four key categories (outdoor, boys, preschool and girls, and activities games and puzzles and plush). Spin Master has increased brand awareness via homegrown brands including Paw Patrol, Rusty Rivets, and Bakugan but has leaned on a robust acquisition strategy to reach adjacent markets through tie-ups like Rubik’s, Swimways, and Cardinal Games.