Spin Master Corp. (TSE:TOY) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Spin Master received a “Moderate Buy” consensus from eight analysts, with six buy ratings and two holds. The average 12-month price target is C$27.20, while TD raised its target to C$27.00 and maintained a buy rating.
• The stock opened at C$20.25, below its 52-week high of C$24.13, with a market capitalization of approximately C$2.03 billion. In its latest quarter, Spin Master reported C$0.11 in EPS and C$620.03 million in revenue, alongside a negative net margin.
• Spin Master paid a quarterly dividend of $0.12 per share, equivalent to an annualized $0.48 and a 2.4% yield. Its dividend payout ratio was negative 44.16%.

Shares of Spin Master Corp. (TSE:TOY - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$27.20.

Separately, TD upped their price objective on Spin Master from C$26.00 to C$27.00 and gave the company a "buy" rating in a research note on Friday, July 3rd.

Spin Master Stock Performance

Spin Master stock opened at C$20.25 on Monday. 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 has a 52 week low of C$17.13 and a 52 week high of C$24.13. The company has a market capitalization of C$2.03 billion, a price-to-earnings ratio of -25.96, a price-to-earnings-growth ratio of 0.57 and a beta of 0.70. The stock has a 50-day moving average price of C$21.03 and a 200 day moving average price of C$19.54.

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

Spin Master Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, July 10th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, June 26th. Spin Master's dividend payout ratio is -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.

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