Spin Master Corp. (TSE:TOY) Receives C$27.22 Consensus Price Target from Analysts

Spin Master Corp. (TSE:TOY) has been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$27.22.

A number of equities analysts recently commented on the company. Stifel Nicolaus increased their price objective on Spin Master from C$20.00 to C$21.00 and gave the stock a “hold” rating in a report on Friday, March 6th. ATB Cormark Capital Markets boosted their target price on shares of Spin Master from C$36.00 to C$38.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. Canaccord Genuity Group dropped their price target on shares of 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. TD Securities cut their price target on shares of Spin Master from C$30.00 to C$26.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. Finally, Royal Bank Of Canada reduced their price objective on shares of Spin Master from C$27.00 to C$25.00 and set an “outperform” rating for the company in a research note on Friday, March 6th.

Spin Master Stock Performance

Shares of TSE TOY opened at C$17.69 on Thursday. The company has a debt-to-equity ratio of 37.50, a current ratio of 1.14 and a quick ratio of 2.06. Spin Master has a one year low of C$17.13 and a one year high of C$26.34. The business’s 50-day moving average price is C$18.82 and its two-hundred day moving average price is C$19.56. The company has a market capitalization of C$1.77 billion, a P/E ratio of -12.12, a price-to-earnings-growth ratio of 0.57 and a beta of 0.75.

Spin Master (TSE:TOY) last posted its quarterly earnings results on Thursday, March 5th. The company reported C$0.56 earnings per share for the quarter. The company had revenue of C$818.82 million during the quarter. Spin Master had a negative return on equity of 11.45% and a negative net margin of 7.22%. Analysts anticipate that Spin Master will post 3.1361829 earnings per share for the current fiscal year.

Spin Master Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, April 10th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, March 27th. Spin Master’s dividend payout ratio (DPR) is -23.66%.

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.