Spin Master Corp. (TSE:TOY) Given Average Rating of “Moderate Buy” by Analysts

Shares of Spin Master Corp. (TSE:TOY) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$26.63.

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada 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 report on Tuesday, February 3rd. National Bankshares lowered their target price on Spin Master from C$27.00 to C$25.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 13th. Seaport Research Partners upgraded Spin Master to a “strong-buy” rating in a report on Monday, November 10th. Jefferies Financial Group reduced their price target on shares of Spin Master from C$28.00 to C$26.00 in a research report on Friday, October 31st. Finally, Canadian Imperial Bank of Commerce boosted their price objective on shares of Spin Master from C$23.00 to C$25.00 in a research report on Friday, October 31st.

Spin Master Price Performance

TOY stock opened at C$20.24 on Wednesday. The firm has a 50-day moving average of C$19.68 and a two-hundred day moving average of C$20.60. Spin Master has a one year low of C$18.46 and a one year high of C$31.54. The company has a current ratio of 1.14, a quick ratio of 2.06 and a debt-to-equity ratio of 39.61. The firm has a market capitalization of C$2.04 billion, a PE ratio of 37.48, a P/E/G ratio of 0.57 and a beta of 0.61.

Spin Master (TSE:TOY) last posted its quarterly earnings data on Thursday, October 30th. The company reported C$1.11 earnings per share for the quarter. The firm had revenue of C$1.02 billion for the quarter. Spin Master had a net margin of 1.45% and a return on equity of 2.24%. On average, analysts forecast that Spin Master will post 3.1361829 earnings per share for the current year.

Spin Master Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, January 9th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Wednesday, December 24th. Spin Master’s payout ratio is currently 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.