FY2017 EPS Estimates for Spin Master Corp Increased by Cormark (TOY)
Spin Master Corp (TSE:TOY) – Investment analysts at Cormark increased their FY2017 earnings per share (EPS) estimates for shares of Spin Master Corp in a research report issued to clients and investors on Friday. Cormark analyst D. Mcfadgen now expects that the company will earn $2.18 per share for the year, up from their prior estimate of $2.11. Cormark also issued estimates for Spin Master Corp’s FY2018 earnings at $2.43 EPS.
Several other brokerages also recently commented on TOY. National Bank Financial increased their price target on Spin Master Corp from C$50.00 to C$58.00 and gave the company an “outperform” rating in a report on Wednesday, October 18th. BMO Capital Markets upgraded Spin Master Corp from a “market perform” rating to an “outperform” rating and increased their price target for the company from C$36.00 to C$68.00 in a report on Tuesday, August 8th. CIBC increased their price target on Spin Master Corp from C$44.00 to C$50.00 in a report on Thursday, August 3rd. Jefferies Group LLC increased their price target on Spin Master Corp from C$39.00 to C$45.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. Finally, Raymond James Financial, Inc. increased their price target on Spin Master Corp from C$48.00 to C$52.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Spin Master Corp has an average rating of “Buy” and a consensus price target of C$52.25.
Spin Master Corp (TSE TOY) opened at 47.65 on Monday. The stock’s 50 day moving average is $47.57 and its 200-day moving average is $47.57. The firm has a market capitalization of $4.84 billion and a PE ratio of 41.01. Spin Master Corp has a 52-week low of $30.01 and a 52-week high of $52.05.
In other news, Director Chi Wah Yuen sold 28,640 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of C$46.85, for a total value of C$1,341,784.00. Also, insider Mark Segal sold 101,616 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of C$45.05, for a total value of C$4,577,800.80. In the last quarter, insiders have sold 519,340 shares of company stock worth $23,806,842.
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.
Receive News & Ratings for Spin Master Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spin Master Corp and related companies with MarketBeat.com's FREE daily email newsletter.