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

Shares of Spin Master Corp. (TSE:TOY) have received an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$27.22.

TOY has been the subject of several analyst reports. Canaccord Genuity Group lowered their price target on shares of Spin Master from C$22.00 to C$20.00 and set a “hold” rating for the company in a report on Friday, March 6th. ATB Cormark Capital Markets raised their price target on shares of Spin Master from C$36.00 to C$38.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. TD Securities lowered their price target on shares of Spin Master from C$30.00 to C$26.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Stifel Nicolaus raised their price target on shares of Spin Master from C$20.00 to C$21.00 and gave the stock a “hold” rating in a report on Friday, March 6th. Finally, Royal Bank Of Canada lowered their price target on shares of Spin Master from C$27.00 to C$25.00 and set an “outperform” rating for the company in a report on Friday, March 6th.

Spin Master Stock Up 2.7%

Spin Master stock opened at C$18.52 on Thursday. The company has a debt-to-equity ratio of 37.50, a quick ratio of 2.06 and a current ratio of 1.14. Spin Master has a 52-week low of C$17.13 and a 52-week high of C$26.34. The firm has a 50 day moving average price of C$18.76 and a two-hundred day moving average price of C$19.47. The firm has a market cap of C$1.86 billion, a price-to-earnings ratio of -12.68, a PEG ratio of 0.57 and a beta of 0.76.

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

Spin Master Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, March 27th. This represents a $0.48 annualized dividend and a yield of 2.6%. Spin Master’s dividend payout ratio (DPR) is presently -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.