FY2024 EPS Estimates for Spin Master Corp. (TSE:TOY) Lifted by National Bank Financial

Spin Master Corp. (TSE:TOY) – Equities research analysts at National Bank Financial upped their FY2024 earnings per share estimates for Spin Master in a report issued on Wednesday, April 24th. National Bank Financial analyst A. Shine now anticipates that the company will post earnings of $4.02 per share for the year, up from their prior estimate of $3.94. The consensus estimate for Spin Master’s current full-year earnings is $3.00 per share. National Bank Financial also issued estimates for Spin Master’s FY2025 earnings at $4.25 EPS.

A number of other research analysts have also issued reports on TOY. TD Securities upgraded shares of Spin Master from a “buy” rating to an “action list buy” rating and reduced their target price for the company from C$50.00 to C$48.00 in a report on Wednesday, January 24th. CIBC decreased 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. Royal Bank of Canada decreased their price target on Spin Master from C$50.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Monday, March 18th. Jefferies Financial Group decreased their price target on Spin Master from C$41.00 to C$40.00 and set a “hold” rating on the stock in a research note on Thursday, February 15th. Finally, Canaccord Genuity Group decreased their price target on Spin Master from C$52.00 to C$51.00 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$47.13.

Spin Master Price Performance

TSE:TOY opened at C$31.12 on Friday. The firm has a market cap of C$1.09 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 2.98 and a beta of 1.87. The company has a current ratio of 2.95, a quick ratio of 2.06 and a debt-to-equity ratio of 4.38. The company’s 50-day moving average is C$33.23 and its two-hundred day moving average is C$34.03. Spin Master has a 12-month low of C$30.24 and a 12-month high of C$39.55.

Spin Master (TSE:TOY) last announced its quarterly earnings data 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 firm had revenue of C$684.30 million for the quarter, compared to analyst estimates of C$681.03 million. Spin Master had a return on equity of 11.34% and a net margin of 7.95%.

Spin Master Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, April 12th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Wednesday, March 27th. Spin Master’s dividend payout ratio is currently 12.37%.

Insider Activity

In other 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. Corporate insiders own 1.59% of the company’s stock.

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.