Spin Master Corp. (TSE:TOY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Spin Master Corp. (TSE:TOY) has earned an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$27.63.

A number of research analysts have recently commented on the stock. CIBC upped their price objective on shares of Spin Master from C$23.00 to C$25.00 in a research report on Friday, October 31st. National Bankshares lowered their price target on Spin Master from C$29.00 to C$27.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Royal Bank Of Canada reduced their price objective on Spin Master from C$30.00 to C$29.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Canaccord Genuity Group decreased their price objective on Spin Master from C$24.00 to C$20.00 in a report on Wednesday, October 22nd. Finally, Seaport Res Ptn upgraded Spin Master to a “strong-buy” rating in a research report on Monday, November 10th.

Spin Master Stock Down 1.2%

TOY opened at C$20.14 on Tuesday. The business has a 50 day moving average of C$20.04 and a 200-day moving average of C$21.79. The stock has a market capitalization of C$2.03 billion, a price-to-earnings ratio of 37.30, a P/E/G ratio of 0.57 and a beta of 0.62. The company has a current ratio of 1.14, a quick ratio of 2.06 and a debt-to-equity ratio of 39.61. Spin Master has a 1-year low of C$18.51 and a 1-year high of C$34.45.

Spin Master (TSE:TOY) last released its earnings results on Thursday, October 30th. The company reported C$1.11 EPS for the quarter. Spin Master had a net margin of 1.45% and a return on equity of 2.24%. The firm had revenue of C$1.02 billion during the quarter. As a group, sell-side analysts anticipate that Spin Master will post 3.1361829 earnings per share for the current year.

Spin Master Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, January 9th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, December 24th. Spin Master’s payout ratio is 63.22%.

About Spin Master

Spin Master is a children’s entertainment company operating in the roughly $100 billion global toy industry. The company creates, designs, manufactures, and markets a portfolio of products, brands, and entertainment properties across four key categories (outdoor, boys, preschool and girls, and activities games and puzzles and plush). Spin Master has increased brand awareness via homegrown brands including Paw Patrol, Rusty Rivets, and Bakugan but has leaned on a robust acquisition strategy to reach adjacent markets through tie-ups like Rubik’s, Swimways, and Cardinal Games.