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

Spin Master Corp. (TSE:TOY) has earned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is C$27.63.

TOY has been the subject of a number of research analyst reports. Jefferies Financial Group dropped their target price on shares of Spin Master from C$28.00 to C$26.00 in a research report on Friday, October 31st. Canaccord Genuity Group dropped their price objective on shares of Spin Master from C$24.00 to C$20.00 in a research report on Wednesday, October 22nd. TD Securities lifted their target price on shares of Spin Master from C$29.00 to C$30.00 and gave the company a “buy” rating in a report on Friday, October 31st. National Bankshares decreased their price target on shares of Spin Master from C$29.00 to C$27.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Finally, Cormark cut their price objective on Spin Master from C$44.00 to C$39.00 in a research report on Friday, October 31st.

Spin Master Trading Down 2.4%

Shares of TOY opened at C$19.54 on Tuesday. Spin Master has a twelve month low of C$18.51 and a twelve month high of C$34.45. The firm has a market capitalization of C$1.97 billion, a P/E ratio of 36.19, a price-to-earnings-growth ratio of 0.57 and a beta of 0.62. The company has a current ratio of 1.14, a quick ratio of 2.06 and a debt-to-equity ratio of 39.61. The stock’s fifty day simple moving average is C$20.13 and its 200 day simple moving average is C$21.65.

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

Spin Master Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, January 9th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, December 24th. This represents a $0.48 annualized dividend and a yield of 2.5%. Spin Master’s payout ratio is 63.22%.

About Spin Master

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.