Spin Master Corp. (TSE:TOY) Raises Dividend to $0.12 Per Share

Spin Master Corp. (TSE:TOY) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors of record on Friday, June 28th will be given a dividend of 0.12 per share on Friday, July 12th. This represents a $0.48 annualized dividend and a yield of 1.68%. The ex-dividend date is Friday, June 28th. This is a positive change from Spin Master’s previous quarterly dividend of $0.06.

Spin Master Trading Down 2.8 %

Shares of TOY traded down C$0.82 during trading hours on Thursday, hitting C$28.58. The stock had a trading volume of 282,489 shares, compared to its average volume of 104,718. The company has a debt-to-equity ratio of 4.38, a quick ratio of 2.06 and a current ratio of 2.95. Spin Master has a 12-month low of C$27.52 and a 12-month high of C$37.73. The firm has a market cap of C$1.00 billion, a P/E ratio of 14.74, a P/E/G ratio of 2.98 and a beta of 1.87. The company’s fifty day simple moving average is C$32.46 and its 200 day simple moving average is C$33.64.

Spin Master (TSE:TOY) last announced its quarterly earnings results on Wednesday, February 28th. The company reported C$0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.14 by C$0.12. Spin Master had a return on equity of 11.34% and a net margin of 7.95%. The firm had revenue of C$684.30 million during the quarter, compared to the consensus estimate of C$681.03 million. Equities research analysts forecast that Spin Master will post 2.9973592 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TOY shares. National Bankshares decreased their target price on shares of Spin Master from C$42.00 to C$40.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. Royal Bank of Canada lowered their target price on Spin Master from C$50.00 to C$46.00 and set an “outperform” rating for the company in a research note on Monday, March 18th. Jefferies Financial Group reduced their price target on Spin Master from C$41.00 to C$40.00 and set a “hold” rating for the company in a research report on Thursday, February 15th. TD Securities raised shares of Spin Master from a “buy” rating to an “action list buy” rating and dropped their price target for the stock from C$50.00 to C$48.00 in a research report on Wednesday, January 24th. Finally, CIBC lowered their price target on Spin Master from C$44.00 to C$41.00 and set an “outperform” rating on the stock in a research report on Friday, March 1st. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Spin Master currently has a consensus rating of “Buy” and an average target price of C$47.13.

Insiders Place Their Bets

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

Spin Master Company Profile

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.