Spin Master (TSE:TOY) Share Price Crosses Below 50 Day Moving Average - Here's Why

Key Points

• Spin Master shares fell below their 50-day moving average, dropping as low as C$19.22 and last trading at C$19.29, down 2.1%.
• Analysts remain broadly positive: six rate the stock Buy and two Hold, producing a “Moderate Buy” consensus and an average price target of C$27.20. TD also raised its target to C$27.00.
• The company reported quarterly EPS of C$0.11 on C$620.03 million in revenue and recently paid a C$0.12 quarterly dividend, equivalent to a 2.5% annualized yield.

Spin Master Corp. (TSE:TOY - Get Free Report)'s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$21.08 and traded as low as C$19.22. Spin Master shares last traded at C$19.29, with a volume of 125,620 shares.

Analyst Ratings Changes

Separately, TD lifted their price target on shares of Spin Master from C$26.00 to C$27.00 and gave the stock a "buy" rating in a report on Friday, July 3rd. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$27.20.

Spin Master Trading Down 2.1%

The stock has a market cap of C$1.93 billion, a PE ratio of -24.73, a PEG ratio of 0.57 and a beta of 0.73. The company has a current ratio of 1.09, a quick ratio of 2.06 and a debt-to-equity ratio of 30.48. The firm has a fifty day simple moving average of C$21.08 and a two-hundred day simple moving average of C$19.54.

Spin Master (TSE:TOY - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported C$0.11 EPS for the quarter. The company 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%. As a group, equities analysts expect that Spin Master Corp. will post 3.1361829 earnings per share for the current fiscal year.

Spin Master Announces Dividend

The business 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. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, June 26th. Spin Master's dividend payout ratio (DPR) is -44.16%.

Spin Master Company Profile

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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