Spin Master Corp. (TSE:TOY) Receives C$27.22 Average PT from Brokerages

Shares of Spin Master Corp. (TSE:TOY) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$27.22.

Several equities analysts recently issued reports on TOY shares. Royal Bank Of Canada reduced 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 Friday, March 6th. TD Securities reduced their price target on Spin Master from C$30.00 to C$26.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Jefferies Financial Group raised their price target on Spin Master from C$23.00 to C$26.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Canaccord Genuity Group reduced their price target on Spin Master from C$22.00 to C$20.00 and set a “hold” rating on the stock in a research report on Friday, March 6th. Finally, ATB Cormark Capital Markets raised their price target on Spin Master from C$36.00 to C$38.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th.

Spin Master Price Performance

TOY opened at C$18.62 on Friday. The stock’s 50 day simple moving average is C$18.52 and its 200 day simple moving average is C$19.23. The company has a debt-to-equity ratio of 35.23, a current ratio of 1.10 and a quick ratio of 2.06. Spin Master has a 1 year low of C$17.13 and a 1 year high of C$26.34. The firm has a market cap of C$1.87 billion, a price-to-earnings ratio of -12.09, a PEG ratio of 0.57 and a beta of 0.80.

Spin Master (TSE:TOY) last posted its quarterly earnings results on Thursday, April 30th. The company reported C($0.33) earnings per share (EPS) for the quarter. Spin Master had a negative return on equity of 12.40% and a negative net margin of 7.69%.The company had revenue of C$456.71 million for the quarter. As a group, analysts predict 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 was paid on Friday, April 10th. Investors of record on Friday, April 10th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.6%. The ex-dividend date was Friday, March 27th. Spin Master’s dividend payout ratio (DPR) is presently -22.58%.

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.