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

Key Points

• Consensus "Moderate Buy" from seven brokerages (four buy, three hold) with an average 12‑month target of C$27.22.
• Analysts have been cutting targets recently — Canaccord to C$20, RBC to C$25, TD to C$26 and National Bank to C$25 — while ATB Cormark raised its target to C$38 and maintained an outperform rating.
• Shares opened at C$18.72 (12‑month range C$17.13–C$26.34) with a market cap of C$1.88B; the company reported C$0.56 EPS for the quarter but has a negative net margin (−7.22%) and ROE (−11.45%), and pays a quarterly dividend of C$0.12 (C$0.48 annualized, ~2.6% yield).

Shares of Spin Master Corp. (TSE:TOY - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$27.22.

A number of equities analysts recently issued reports on the stock. Canaccord Genuity Group dropped their price target on shares of Spin Master from C$22.00 to C$20.00 and set a "hold" rating on the stock in a research note on Friday, March 6th. Royal Bank Of Canada dropped their price target on shares of Spin Master from C$27.00 to C$25.00 and set an "outperform" rating on the stock in a research note on Friday, March 6th. TD Securities dropped their price target on shares of Spin Master from C$30.00 to C$26.00 and set a "buy" rating on the stock in a research note on Thursday, January 29th. National Bank Financial dropped their price target on shares of Spin Master from C$27.00 to C$25.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 13th. Finally, ATB Cormark Capital Markets upped 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 research note on Friday, March 6th.

Spin Master Stock Performance

Shares of TOY stock opened at C$18.72 on Monday. Spin Master has a 12 month low of C$17.13 and a 12 month high of C$26.34. The stock has a market cap of C$1.88 billion, a PE ratio of -12.82, a price-to-earnings-growth ratio of 0.57 and a beta of 0.76. The company has a current ratio of 1.14, a quick ratio of 2.06 and a debt-to-equity ratio of 37.50. The company's fifty day moving average price is C$18.57 and its 200-day moving average price is C$19.33.

Spin Master (TSE:TOY - Get Free Report) last announced its earnings results on Thursday, March 5th. The company reported C$0.56 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 for the quarter. On average, equities analysts expect that Spin Master will post 3.1361829 EPS for the current fiscal year.

Spin Master Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, April 10th were paid a $0.12 dividend. The ex-dividend date was Friday, March 27th. This represents a $0.48 dividend on an annualized basis and a yield of 2.6%. Spin Master's payout ratio is presently -23.66%.

Spin Master Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.