National Bank Financial Weighs in on Spin Master Corp.’s FY2024 Earnings (TSE:TOY)

Spin Master Corp. (TSE:TOY) – Equities researchers at National Bank Financial upped their FY2024 earnings estimates for Spin Master in a report released on Tuesday, July 30th. National Bank Financial analyst A. Shine now expects that the company will earn $3.13 per share for the year, up from their previous forecast of $3.05. National Bank Financial 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.

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

Other analysts have also issued reports about the stock. TD Securities dropped their target price on shares of Spin Master from C$48.00 to C$46.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Stifel Nicolaus dropped their price objective on Spin Master from C$50.00 to C$45.00 in a report on Thursday, May 9th. National Bankshares reduced their target price on Spin Master from C$40.00 to C$35.00 in a research note on Thursday, May 9th. CIBC dropped their target price on shares of Spin Master from C$41.00 to C$37.00 in a research report on Thursday, May 9th. Finally, Royal Bank of Canada lifted their target price on shares of Spin Master from C$46.00 to C$47.00 in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$44.63.

Spin Master Trading Down 0.9 %

Shares of TOY opened at C$31.70 on Friday. The stock has a market capitalization of C$1.12 billion, a P/E ratio of 25.36, a PEG ratio of 0.58 and a beta of 1.87. Spin Master has a twelve month low of C$27.52 and a twelve month high of C$37.73. The company has a quick ratio of 2.06, a current ratio of 1.09 and a debt-to-equity ratio of 46.93. The firm has a fifty day simple moving average of C$29.64 and a two-hundred day simple moving average of C$31.67.

Spin Master Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, July 12th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Friday, June 28th. This is a boost from Spin Master’s previous quarterly dividend of $0.06. Spin Master’s dividend payout ratio is 38.40%.

About Spin Master

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.