Spin Master Corp. (TSE:TOY) Given Average Recommendation of “Buy” by Brokerages

Shares of Spin Master Corp. (TSE:TOY) have been assigned a consensus recommendation of “Buy” from the eight analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$47.13.

Several equities research analysts have 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 on the stock in a report on Monday, March 18th. Canaccord Genuity Group decreased their price target on shares of Spin Master from C$52.00 to C$51.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. TD Securities raised shares of Spin Master from a “buy” rating to an “action list buy” rating and dropped their price objective for the company from C$50.00 to C$48.00 in a research report on Wednesday, January 24th. Jefferies Financial Group decreased their price objective on shares of Spin Master from C$41.00 to C$40.00 and set a “hold” rating for the company in a research report on Thursday, February 15th. Finally, CIBC cut their price target on Spin Master from C$44.00 to C$41.00 and set an “outperform” rating on the stock in a research note on Friday, March 1st.

Insider Buying and Selling

In other news, Senior Officer Chris Harrs sold 1,453 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$33.25, for a total value of C$48,312.25. Insiders own 1.59% of the company’s stock.

Spin Master Stock Performance

Shares of TOY stock opened at C$30.30 on Monday. Spin Master has a one year low of C$30.22 and a one year high of C$39.55. The company has a debt-to-equity ratio of 4.38, a quick ratio of 2.06 and a current ratio of 2.95. The firm’s 50 day moving average price is C$33.06 and its 200-day moving average price is C$33.97. The firm has a market cap of C$1.06 billion, a P/E ratio of 15.62, a P/E/G ratio of 2.98 and a beta of 1.87.

Spin Master (TSE:TOY) last announced its earnings results on Wednesday, February 28th. The company reported C$0.26 EPS for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.12. The company had revenue of C$684.30 million during the quarter, compared to analysts’ expectations of C$681.03 million. Spin Master had a return on equity of 11.34% and a net margin of 7.95%. As a group, equities research analysts predict that Spin Master will post 2.9973592 EPS for the current year.

Spin Master Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, April 12th were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.24 annualized dividend and a yield of 0.79%. Spin Master’s payout ratio is currently 12.37%.

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.