Spin Master Corp. (TSE:TOY) Receives C$27.63 Consensus PT from Brokerages

Spin Master Corp. (TSE:TOY) has earned an average recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$27.63.

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group dropped their target price on Spin Master from C$28.00 to C$26.00 in a report on Friday, October 31st. Seaport Res Ptn upgraded Spin Master to a “strong-buy” rating in a research note on Monday, November 10th. Canaccord Genuity Group cut their price objective on Spin Master from C$24.00 to C$20.00 in a report on Wednesday, October 22nd. Royal Bank Of Canada lowered their target price on shares of Spin Master from C$30.00 to C$29.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Finally, TD Securities lifted their price target on shares of Spin Master from C$29.00 to C$30.00 and gave the company a “buy” rating in a report on Friday, October 31st.

Spin Master Price Performance

TSE:TOY opened at C$20.02 on Tuesday. The company has a debt-to-equity ratio of 39.61, a quick ratio of 2.06 and a current ratio of 1.14. The company has a 50-day moving average of C$20.11 and a 200-day moving average of C$21.74. Spin Master has a 52 week low of C$18.51 and a 52 week high of C$34.45. The company has a market capitalization of C$2.02 billion, a price-to-earnings ratio of 37.07, a PEG ratio of 0.57 and a beta of 0.62.

Spin Master (TSE:TOY) last posted its quarterly earnings results on Thursday, October 30th. The company reported C$1.11 earnings per share (EPS) for the quarter. The firm had revenue of C$1.02 billion during the quarter. Spin Master had a net margin of 1.45% and a return on equity of 2.24%. As a group, equities research analysts anticipate that Spin Master will post 3.1361829 earnings per share for the current fiscal year.

Spin Master Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, January 9th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, December 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.4%. Spin Master’s payout ratio is 63.22%.

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.