Analysts Set Spin Master Corp. (TSE:TOY) Target Price at C$44.50

Shares of Spin Master Corp. (TSE:TOY) have received a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$44.50.

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada cut their price target 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 cut their price objective on Spin Master from C$40.00 to C$35.00 in a research note on Thursday, May 9th. CIBC cut their price objective on Spin Master from C$41.00 to C$37.00 in a research note on Thursday, May 9th. National Bank Financial downgraded Spin Master from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research note on Wednesday, May 8th. Finally, National Bankshares cut their price objective on Spin Master from C$40.00 to C$35.00 in a research note on Thursday, May 9th.

Spin Master Trading Down 0.2 %

Shares of TSE TOY opened at C$28.40 on Tuesday. Spin Master has a one year low of C$27.52 and a one year high of C$37.73. The firm has a market capitalization of C$999.68 million, a PE ratio of 22.72, a PEG ratio of 0.58 and a beta of 1.87. The company has a current ratio of 1.09, a quick ratio of 2.06 and a debt-to-equity ratio of 46.93. The business has a 50-day moving average price of C$29.71 and a two-hundred day moving average price of C$32.50.

Spin Master (TSE:TOY) last posted its quarterly earnings results on Tuesday, May 7th. The company reported C($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.32). Spin Master had a return on equity of 7.63% and a net margin of 5.05%. The firm had revenue of C$426.28 million for the quarter, compared to analysts’ expectations of C$407.27 million. As a group, analysts predict that Spin Master will post 2.8894422 earnings per share for the current fiscal year.

Spin Master Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.48 dividend on an annualized basis and a yield of 1.69%. This is a positive change from Spin Master’s previous quarterly dividend of $0.06. Spin Master’s dividend payout ratio (DPR) is 38.40%.

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.