Cormark Weighs in on Spin Master Corp.’s FY2024 Earnings (TSE:TOY)

Spin Master Corp. (TSE:TOY) – Research analysts at Cormark boosted their FY2024 earnings per share (EPS) estimates for Spin Master in a report issued on Thursday, August 1st. Cormark analyst D. Mcfadgen now anticipates that the company will post earnings per share of $2.77 for the year, up from their previous estimate of $2.64. The consensus estimate for Spin Master’s current full-year earnings is $2.89 per share.

Several other brokerages have also commented on TOY. CIBC lowered their price objective on Spin Master from C$41.00 to C$37.00 in a research report on Thursday, May 9th. TD Securities lowered their price target on Spin Master from C$48.00 to C$46.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. National Bank Financial lowered Spin Master from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research report on Wednesday, May 8th. Royal Bank of Canada lifted their price target on Spin Master from C$46.00 to C$47.00 in a research report on Wednesday, July 24th. Finally, Jefferies Financial Group lowered their price target on Spin Master from C$40.00 to C$35.00 in a research report on Thursday, May 9th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$44.63.

Spin Master Stock Performance

Shares of Spin Master stock opened at C$30.70 on Monday. 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 has a market capitalization of C$1.08 billion, a P/E ratio of 24.56, a P/E/G ratio of 0.58 and a beta of 1.87. The business has a fifty day simple moving average of C$29.73 and a two-hundred day simple moving average of C$31.62. Spin Master has a 12 month low of C$27.52 and a 12 month 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) EPS for the quarter, missing the consensus estimate of C$0.06 by C($0.32). The firm had revenue of C$426.28 million for the quarter, compared to analysts’ expectations of C$407.27 million. Spin Master had a net margin of 5.05% and a return on equity of 7.63%.

Spin Master Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, July 12th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.56%. This is an increase from Spin Master’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, June 28th. Spin Master’s dividend payout ratio (DPR) is presently 38.40%.

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.