Research Analysts Set Expectations for Spin Master Corp.’s FY2024 Earnings (TSE:TOY)

Spin Master Corp. (TSE:TOY) – Cormark boosted their FY2024 earnings per share (EPS) estimates for Spin Master in a research note issued on Thursday, May 9th. Cormark analyst D. Mcfadgen now anticipates that the company will earn $2.61 per share for the year, up from their prior forecast of $2.59. The consensus estimate for Spin Master’s current full-year earnings is $2.90 per share.

Several other analysts have also commented on TOY. Jefferies Financial Group decreased their price objective on Spin Master from C$40.00 to C$35.00 in a report on Thursday. Canaccord Genuity Group cut their target price on Spin Master from C$52.00 to C$51.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. National Bankshares cut their target price on Spin Master from C$40.00 to C$35.00 in a research report on Thursday. Royal Bank of Canada cut their target price on Spin Master from C$50.00 to C$46.00 and set an “outperform” rating on the stock in a research report on Monday, March 18th. Finally, National Bank Financial downgraded Spin Master from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research report on Wednesday, May 8th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$44.50.

Spin Master Stock Up 0.9 %

Spin Master stock opened at C$29.28 on Monday. The business has a fifty day moving average of C$32.33 and a two-hundred day moving average of C$33.51. The company has a quick ratio of 2.06, a current ratio of 1.09 and a debt-to-equity ratio of 46.93. The firm has a market cap of C$1.03 billion, a P/E ratio of 23.24, a P/E/G ratio of 2.98 and a beta of 1.87. Spin Master has a twelve month low of C$27.52 and a twelve month high of C$37.73.

Spin Master (TSE:TOY) last posted its earnings results on Wednesday, February 28th. The company reported C$0.26 earnings per share for the quarter, topping 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 analyst estimates of C$681.03 million. Spin Master had a return on equity of 7.63% and a net margin of 5.05%.

Spin Master Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, June 28th. This is a boost from Spin Master’s previous quarterly dividend of $0.06. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.64%. Spin Master’s dividend payout ratio (DPR) is 38.10%.

Insider Buying and Selling

In related news, Senior Officer Chris Harrs sold 1,453 shares of Spin Master stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of C$33.25, for a total value of C$48,312.25. 2.20% of the stock is currently owned by insiders.

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.