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

Spin Master Corp. (TSE:TOY) has earned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$27.22.

A number of research firms have recently issued reports on TOY. Royal Bank Of Canada cut their price objective on shares of Spin Master from C$27.00 to C$25.00 and set an “outperform” rating on the stock in a research report on Friday, March 6th. Canaccord Genuity Group dropped their price target on Spin Master from C$22.00 to C$20.00 and set a “hold” rating on the stock in a research note on Friday, March 6th. ATB Cormark Capital Markets increased their price target on Spin Master from C$36.00 to C$38.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. Jefferies Financial Group raised their price objective on Spin Master from C$23.00 to C$26.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, Stifel Nicolaus boosted their price objective on Spin Master from C$20.00 to C$21.00 and gave the company a “hold” rating in a report on Friday, March 6th.

Spin Master Stock Down 0.2%

Spin Master stock opened at C$19.03 on Tuesday. The company has a market capitalization of C$1.91 billion, a PE ratio of -12.36, a PEG ratio of 0.57 and a beta of 0.78. Spin Master has a 12-month low of C$17.13 and a 12-month high of C$26.34. The firm’s fifty day moving average is C$18.76 and its 200 day moving average is C$19.12. The company has a quick ratio of 2.06, a current ratio of 1.10 and a debt-to-equity ratio of 35.23.

Spin Master (TSE:TOY) last posted its quarterly earnings results on Thursday, April 30th. The company reported C($0.33) EPS for the quarter. Spin Master had a negative return on equity of 12.40% and a negative net margin of 7.69%.The company had revenue of C$456.71 million during the quarter. As a group, sell-side analysts predict that Spin Master will post 3.1361829 EPS for the current fiscal year.

Spin Master Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, July 10th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.48 annualized dividend and a yield of 2.5%. Spin Master’s dividend payout ratio (DPR) is presently -22.58%.

About Spin Master

Spin Master Corp. (TSX:TOY) is a leading global children’s entertainment company, creating exceptional play experiences across its three creative centres: Toys, Entertainment and Digital Games. With worldwide toy distribution, Spin Master is best known for award-winning brands including PAW Patrol ®, Melissa & Doug ®, Bakugan ® and Rubik’s ® Cube, and is the global toy licensee for other iconic properties. Through its in-house entertainment studio, the company creates and produces captivating multiplatform content including powerhouse preschool franchise PAW Patrol, along with other original shows, short-form series and feature films.