Spin Master Corp (TOY) to Post FY2018 Earnings of $2.25 Per Share, National Bank Financial Forecasts
Spin Master Corp (TSE:TOY) – Equities researchers at National Bank Financial reduced their FY2018 earnings estimates for shares of Spin Master in a research note issued on Wednesday, November 7th. National Bank Financial analyst A. Shine now expects that the company will post earnings of $2.25 per share for the year, down from their previous estimate of $2.44. National Bank Financial has a “Outperform” rating and a $60.00 price objective on the stock. National Bank Financial also issued estimates for Spin Master’s FY2019 earnings at $2.41 EPS.
Several other research firms also recently weighed in on TOY. Royal Bank of Canada boosted their price target on shares of Spin Master from C$64.00 to C$66.00 and gave the stock an “outperform” rating in a research note on Friday, August 3rd. TD Securities boosted their price target on shares of Spin Master from C$67.00 to C$68.00 and gave the stock a “buy” rating in a research note on Friday, August 3rd. Barclays reissued an “overweight” rating and issued a C$65.00 price target on shares of Spin Master in a research note on Tuesday, September 18th. Finally, Raymond James set a C$65.00 price target on shares of Spin Master and gave the stock an “outperform” rating in a research note on Thursday, November 1st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of C$62.25.
In other news, insider Chris Harrs sold 21,900 shares of the company’s stock in a transaction dated Friday, September 28th. The shares were sold at an average price of C$53.40, for a total transaction of C$1,169,460.00.
About Spin Master
Spin Master Corp., a children's entertainment company, creates, designs, manufactures, and markets various toys, games, products, and entertainment properties in North America, Europe, and internationally. It operates through five segments: Activities, Games & Puzzles and Fun Furniture; Remote Control and Interactive Characters; Boys Action and High-Tech Construction; Pre-School and Girls; and Outdoor.
Featured Article: Diversification For Individual Investors
Receive News & Ratings for Spin Master Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spin Master and related companies with MarketBeat.com's FREE daily email newsletter.