Analysts Set Spin Master Corp. (TSE:TOY) Price Target at C$27.20

Shares of Spin Master Corp. (TSE:TOY) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$27.20.

TOY has been the subject of several recent research reports. Jefferies Financial Group lifted their price objective on Spin Master from C$23.00 to C$26.00 and gave the company a “buy” rating in a report on Friday, May 1st. TD raised their target price on shares of Spin Master from C$26.00 to C$27.00 and gave the company a “buy” rating in a research report on Friday, July 3rd.

Spin Master Trading Up 1.2%

TOY opened at C$20.65 on Thursday. The stock’s fifty day moving average is C$20.45 and its two-hundred day moving average is C$19.39. The company has a market capitalization of C$2.08 billion, a P/E ratio of -26.47, a PEG ratio of 0.57 and a beta of 0.70. Spin Master has a 52 week low of C$17.13 and a 52 week high of C$24.13. The company has a quick ratio of 2.06, a current ratio of 1.09 and a debt-to-equity ratio of 30.48.

Spin Master (TSE:TOY) last issued its earnings results on Thursday, July 30th. The company reported C$0.11 earnings per share for the quarter. Spin Master had a negative return on equity of 6.74% and a negative net margin of 4.01%.The business had revenue of C$620.03 million during the quarter. Analysts forecast that Spin Master will post 3.1361829 earnings per share for the current year.

Spin Master Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, July 10th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, June 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.3%. Spin Master’s dividend payout ratio (DPR) is currently -44.16%.

About Spin Master

Spin Master Corp. (TSX:TOY) is a leading global children’s entertainment company, creating exceptional play experiences across its three creative centres: Toys, Entertainment and Digital Games. With worldwide toy distribution, Spin Master is best known for award-winning brands including PAW Patrol ®, Melissa & Doug ®, Bakugan ® and Rubik’s ® Cube, and is the global toy licensee for other iconic properties. Through its in-house entertainment studio, the company creates and produces captivating multiplatform content including powerhouse preschool franchise PAW Patrol, along with other original shows, short-form series and feature films.