Spin Master Corp. Expected to Post FY2024 Earnings of $2.61 Per Share (TSE:TOY)

Spin Master Corp. (TSE:TOYFree Report) – Stock analysts at Cormark lifted their FY2024 earnings per share estimates for shares of Spin Master in a research report issued on Thursday, May 9th. Cormark analyst D. Mcfadgen now forecasts that the company will post earnings per share of $2.61 for the year, up from their prior forecast of $2.59. The consensus estimate for Spin Master’s current full-year earnings is $2.90 per share.

Spin Master (TSE:TOYGet Free Report) last released its quarterly earnings data on Wednesday, February 28th. The company reported C$0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.14 by C$0.12. Spin Master had a net margin of 5.05% and a return on equity of 7.63%. The firm had revenue of C$684.30 million during the quarter, compared to analysts’ expectations of C$681.03 million.

TOY has been the topic of a number of other research reports. National Bankshares reduced their target price on Spin Master from C$40.00 to C$35.00 in a research report on Thursday, May 9th. Royal Bank of Canada decreased their target price 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. Jefferies Financial Group dropped their price target on shares of Spin Master from C$40.00 to C$35.00 in a research report on Thursday, May 9th. National Bank Financial lowered shares of Spin Master from an “outperfrom under weight” rating to a “sector perform under weight” rating in a report on Wednesday, May 8th. Finally, Canaccord Genuity Group dropped their target price on shares of Spin Master from C$52.00 to C$51.00 and set a “buy” rating for the company in a report on Tuesday, January 23rd. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$44.50.

Read Our Latest Stock Analysis on TOY

Spin Master Trading Down 0.5 %

TOY opened at C$29.45 on Monday. The stock has a market capitalization of C$1.04 billion, a PE ratio of 23.37, a P/E/G ratio of 2.98 and a beta of 1.87. Spin Master has a one year low of C$27.52 and a one year high of C$37.73. The company has a debt-to-equity ratio of 46.93, a quick ratio of 2.06 and a current ratio of 1.09. The business’s 50 day moving average price is C$32.23 and its 200 day moving average price is C$33.43.

Insiders Place Their Bets

In other news, Senior Officer Chris Harrs sold 1,453 shares of Spin Master stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of C$33.25, for a total value of C$48,312.25. 2.20% of the stock is owned by company insiders.

Spin Master Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.63%. This is a boost from Spin Master’s previous quarterly dividend of $0.06. The ex-dividend date is Friday, June 28th. Spin Master’s payout ratio is presently 38.10%.

About Spin Master

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for Spin Master (TSE:TOY)

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