Brokers Issue Forecasts for Spin Master Corp.’s Q1 2024 Earnings (TSE:TOY)

Spin Master Corp. (TSE:TOY) – Stock analysts at National Bank Financial issued their Q1 2024 earnings per share estimates for Spin Master in a report released on Wednesday, April 24th. National Bank Financial analyst A. Shine forecasts that the company will earn $0.12 per share for the quarter. 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 Q2 2024 earnings at $0.81 EPS, Q3 2024 earnings at $2.06 EPS and Q4 2024 earnings at $1.03 EPS.

Spin Master (TSE:TOY) last posted its earnings results on Wednesday, February 28th. The company reported C$0.26 EPS for the quarter, beating the consensus estimate 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 11.34% and a net margin of 7.95%.

Other equities analysts have also issued reports about the company. TD Securities raised Spin Master from a “buy” rating to an “action list buy” rating and decreased their price objective for the stock from C$50.00 to C$48.00 in a report on Wednesday, January 24th. National Bankshares decreased their price objective on Spin Master from C$42.00 to C$40.00 and set an “outperform” rating for the company in a report on Friday, March 1st. Canaccord Genuity Group decreased their price objective on Spin Master from C$52.00 to C$51.00 and set a “buy” rating for the company in a report on Tuesday, January 23rd. Royal Bank of Canada decreased their price objective on Spin Master from C$50.00 to C$46.00 and set an “outperform” rating for the company in a report on Monday, March 18th. Finally, CIBC decreased their price objective on Spin Master from C$44.00 to C$41.00 and set an “outperform” rating for the company in a report on Friday, March 1st. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$47.13.

Spin Master Stock Down 2.2 %

TSE:TOY opened at C$30.08 on Monday. Spin Master has a 52 week low of C$30.00 and a 52 week high of C$39.55. The firm has a market capitalization of C$1.05 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 2.98 and a beta of 1.87. The stock has a 50 day moving average of C$32.98 and a 200-day moving average of C$33.93. The company has a current ratio of 2.95, a quick ratio of 2.06 and a debt-to-equity ratio of 4.38.

Insiders Place Their Bets

In other news, Senior Officer Chris Harrs sold 1,453 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$33.25, for a total transaction of C$48,312.25. 1.59% of the stock is currently owned by insiders.

Spin Master Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, April 12th were given a $0.06 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.24 dividend on an annualized basis and a yield of 0.80%. Spin Master’s dividend payout ratio (DPR) is 12.37%.

Spin Master Company Profile

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.