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

Spin Master Corp. (TSE:TOY) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$27.22.

Several analysts recently issued reports on TOY shares. ATB Cormark Capital Markets increased their target price 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. Canaccord Genuity Group cut their target price on Spin Master from C$22.00 to C$20.00 and set a “hold” rating for the company in a research report on Friday, March 6th. Jefferies Financial Group increased their target price 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. Royal Bank Of Canada cut their target price on Spin Master from C$27.00 to C$25.00 and set an “outperform” rating for the company in a research report on Friday, March 6th. Finally, Stifel Nicolaus increased their target price on Spin Master from C$20.00 to C$21.00 and gave the stock a “hold” rating in a research report on Friday, March 6th.

Spin Master Stock Performance

TSE:TOY opened at C$18.31 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 2.06 and a debt-to-equity ratio of 35.23. Spin Master has a 12-month low of C$17.13 and a 12-month high of C$26.34. The stock has a 50-day moving average price of C$18.77 and a 200 day moving average price of C$19.05. The stock has a market capitalization of C$1.84 billion, a P/E ratio of -11.89, a P/E/G ratio of 0.57 and a beta of 0.78.

Spin Master (TSE:TOY) last released its 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 business had revenue of C$456.71 million for the quarter. Equities research analysts forecast that Spin Master will post 3.1361829 EPS for the current fiscal year.

Spin Master Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, July 10th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.48 dividend on an annualized basis and a yield of 2.6%. Spin Master’s payout ratio is presently -22.58%.

Spin Master Company Profile

Spin Master Corp. (TSX:TOY) is a leading global children’s entertainment company, creating exceptional play experiences across its three creative centres: Toys, Entertainment and Digital Games. With worldwide toy distribution, Spin Master is best known for award-winning brands including PAW Patrol ®, Melissa & Doug ®, Bakugan ® and Rubik’s ® Cube, and is the global toy licensee for other iconic properties. Through its in-house entertainment studio, the company creates and produces captivating multiplatform content including powerhouse preschool franchise PAW Patrol, along with other original shows, short-form series and feature films.