Jefferies Group Comments on Spin Master Corp’s FY2017 Earnings (TOY)
Spin Master Corp (TSE:TOY) – Equities researchers at Jefferies Group decreased their FY2017 earnings per share estimates for shares of Spin Master Corp in a report released on Thursday. Jefferies Group analyst S. Wissink now expects that the company will earn $2.02 per share for the year, down from their previous forecast of $2.03. Jefferies Group currently has a “Hold” rating and a $45.00 target price on the stock. Jefferies Group also issued estimates for Spin Master Corp’s FY2018 earnings at $2.26 EPS.
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Several other equities analysts have also recently weighed in on TOY. National Bank Financial upgraded shares of Spin Master Corp from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, June 21st. TD Securities upgraded shares of Spin Master Corp from a “buy” rating to an “action list buy” rating and lowered their price objective for the stock from C$48.00 to C$45.00 in a research note on Thursday, July 13th. Royal Bank Of Canada lowered their price objective on shares of Spin Master Corp from C$47.00 to C$45.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 25th. CIBC increased their price objective on shares of Spin Master Corp from C$44.00 to C$50.00 in a research note on Thursday, August 3rd. Finally, Raymond James Financial, Inc. increased their price objective on shares of Spin Master Corp from C$48.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Spin Master Corp currently has an average rating of “Buy” and an average target price of C$51.25.
Shares of Spin Master Corp (TSE:TOY) opened at 43.41 on Monday. The stock has a 50 day moving average of $43.74 and a 200 day moving average of $43.74. Spin Master Corp has a 52-week low of $29.88 and a 52-week high of $45.14. The company has a market cap of $4.41 billion and a price-to-earnings ratio of 37.36.
In other Spin Master Corp news, Director Benoit Gadbois sold 1,920 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of C$45.58, for a total transaction of C$87,513.60. Also, insider Mark Segal sold 28,666 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of C$46.86, for a total transaction of C$1,343,288.76. In the last 90 days, insiders have sold 496,340 shares of company stock worth $22,708,132.
About Spin Master Corp
Spin Master Corp., a childrens entertainment company, creates, designs, manufactures, and markets various toys, games, products, and entertainment properties in North America, Europe, and internationally. It operates through five segments: Activities, Games & Puzzles and Fun Furniture; Remote Control and Interactive Characters; Boys Action and High-Tech Construction; Pre-School and Girls; and Outdoor.
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