Spin Master Corp. to Post Q3 2024 Earnings of $1.97 Per Share, National Bank Financial Forecasts (TSE:TOY)

Spin Master Corp. (TSE:TOY) – Research analysts at National Bank Financial lifted their Q3 2024 EPS estimates for Spin Master in a research note issued on Tuesday, July 30th. National Bank Financial analyst A. Shine now anticipates that the company will post earnings of $1.97 per share for the quarter, up from their previous forecast of $1.87. National Bank Financial has a “Sector Perform Under Weight” rating on the stock. The consensus estimate for Spin Master’s current full-year earnings is $2.89 per share. National Bank Financial also issued estimates for Spin Master’s Q4 2024 earnings at $1.28 EPS and FY2025 earnings at $4.34 EPS.

A number of other analysts have also recently weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Spin Master from C$46.00 to C$47.00 in a research note on Wednesday, July 24th. Jefferies Financial Group lowered their target price on Spin Master from C$40.00 to C$35.00 in a report on Thursday, May 9th. CIBC cut their price target on Spin Master from C$41.00 to C$37.00 in a research note on Thursday, May 9th. Stifel Nicolaus lowered their price objective on Spin Master from C$50.00 to C$45.00 in a research note on Thursday, May 9th. Finally, TD Securities cut their target price on shares of Spin Master from C$48.00 to C$46.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$44.63.

Spin Master Trading Down 0.9 %

Shares of Spin Master stock opened at C$31.70 on Thursday. The firm has a market capitalization of C$1.12 billion, a PE ratio of 25.36, a price-to-earnings-growth 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 firm’s 50 day moving average is C$29.64 and its 200 day moving average is C$31.68. Spin Master has a 1 year low of C$27.52 and a 1 year high of C$37.73.

Spin Master (TSE:TOY) last announced its quarterly earnings data on Tuesday, May 7th. The company reported C($0.26) earnings per share for the quarter, missing the consensus estimate of C$0.06 by C($0.32). The business had revenue of C$426.28 million for the quarter, compared to the consensus estimate of C$407.27 million. Spin Master had a return on equity of 7.63% and a net margin of 5.05%.

Spin Master Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, July 12th were issued a dividend of $0.12 per share. This is a positive change from Spin Master’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, June 28th. This represents a $0.48 annualized dividend and a yield of 1.51%. Spin Master’s dividend payout ratio (DPR) is presently 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.