Q2 2024 EPS Estimates for Spin Master Corp. Cut by Analyst (TSE:TOY)

Spin Master Corp. (TSE:TOY) – Equities researchers at National Bank Financial dropped their Q2 2024 EPS estimates for shares of Spin Master in a note issued to investors on Tuesday, July 9th. National Bank Financial analyst A. Shine now forecasts that the company will post earnings of $0.19 per share for the quarter, down from their previous estimate of $0.30. National Bank Financial currently has a “Sector Perform Under Weight” rating on the stock. The consensus estimate for Spin Master’s current full-year earnings is $2.89 per share. National Bank Financial also issued estimates for Spin Master’s Q4 2024 earnings at $1.24 EPS and FY2024 earnings at $3.05 EPS.

A number of other equities research analysts have also weighed in on TOY. Jefferies Financial Group reduced their target price on shares of Spin Master from C$40.00 to C$35.00 in a report on Thursday, May 9th. CIBC reduced their price objective on shares of Spin Master from C$41.00 to C$37.00 in a research note on Thursday, May 9th. National Bankshares dropped their target price on shares of Spin Master from C$40.00 to C$35.00 in a research report on Thursday, May 9th. Royal Bank of Canada dropped their target price on shares of Spin Master from C$50.00 to C$46.00 and set an “outperform” rating on the stock in a research report on Monday, March 18th. Finally, Stifel Nicolaus dropped their target price on shares of Spin Master from C$50.00 to C$45.00 in a research report on Thursday, May 9th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Spin Master presently has a consensus rating of “Moderate Buy” and a consensus price target of C$44.50.

Spin Master Trading Up 5.3 %

TOY opened at C$29.67 on Thursday. Spin Master has a fifty-two week low of C$27.52 and a fifty-two week high of C$37.73. The company has a debt-to-equity ratio of 46.93, a current ratio of 1.09 and a quick ratio of 2.06. The firm has a market capitalization of C$1.04 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 0.58 and a beta of 1.87. The company’s 50 day moving average price is C$28.98 and its two-hundred day moving average price is C$31.93.

Spin Master (TSE:TOY) last announced its quarterly earnings results on Tuesday, May 7th. The company reported C($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.06 by C($0.32). The company had revenue of C$426.28 million for the quarter, compared to the consensus estimate of C$407.27 million. Spin Master had a net margin of 5.05% and a return on equity of 7.63%.

Spin Master Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, July 12th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, June 28th. This represents a $0.48 annualized dividend and a yield of 1.62%. This is an increase from Spin Master’s previous quarterly dividend of $0.06. Spin Master’s dividend payout ratio is 38.40%.

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.