Spin Master Corp. Forecasted to Post Q1 2024 Earnings of $0.00 Per Share (TSE:TOY)

Spin Master Corp. (TSE:TOY) – Analysts at Cormark issued their Q1 2024 EPS estimates for Spin Master in a report released on Thursday, April 25th. Cormark analyst D. Mcfadgen forecasts that the company will post earnings of $0.00 per share for the quarter. The consensus estimate for Spin Master’s current full-year earnings is $3.00 per share. Cormark also issued estimates for Spin Master’s FY2024 earnings at $2.59 EPS and FY2025 earnings at $2.91 EPS.

Spin Master (TSE:TOY) last released its quarterly earnings results on Wednesday, February 28th. The company reported C$0.26 earnings per share for the quarter, topping the consensus estimate of C$0.14 by C$0.12. Spin Master had a net margin of 7.95% and a return on equity of 11.34%. The business had revenue of C$684.30 million for the quarter, compared to analysts’ expectations of C$681.03 million.

TOY has been the topic of a number of other reports. Jefferies Financial Group dropped their target price on shares of Spin Master from C$41.00 to C$40.00 and set a “hold” rating on the stock in a research note on Thursday, February 15th. TD Securities upgraded shares of Spin Master from a “buy” rating to an “action list buy” rating and dropped their target price for the company from C$50.00 to C$48.00 in a research note on Wednesday, January 24th. CIBC dropped their target price on shares of Spin Master from C$44.00 to C$41.00 and set an “outperform” rating on the stock in a research note on Friday, March 1st. Royal Bank of Canada lowered their price target on shares of Spin Master from C$50.00 to C$46.00 and set an “outperform” rating on the stock in a research report on Monday, March 18th. Finally, Canaccord Genuity Group lowered their price target on shares of Spin Master from C$52.00 to C$51.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$47.13.

Spin Master Stock Down 2.2 %

TOY opened at C$30.08 on Monday. The company has a quick ratio of 2.06, a current ratio of 2.95 and a debt-to-equity ratio of 4.38. The stock has a market cap of C$1.05 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 2.98 and a beta of 1.87. Spin Master has a twelve month low of C$30.00 and a twelve month high of C$39.55. The company’s 50-day moving average price is C$32.98 and its two-hundred day moving average price is C$33.93.

Insiders Place Their Bets

In other news, Senior Officer Chris Harrs sold 1,453 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of C$33.25, for a total value of C$48,312.25. Corporate insiders own 1.59% of the company’s stock.

Spin Master Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, April 12th were paid a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.24 dividend on an annualized basis and a yield of 0.80%. Spin Master’s dividend payout ratio is presently 12.37%.

About Spin Master

Spin Master Corp., a children's entertainment company, engages in the creation, design, manufacture, licensing, and marketing of various toys, entertainment products, and digital games in North America, Europe, and internationally. The Toys segment's product categories include activities, games and puzzles, and plush; wheels and action; outdoor; and preschool, dolls, and interactive products.