Spin Master (TSE:TOY) Shares Cross Above 50 Day Moving Average - Time to Sell?

Key Points

• Spin Master shares rose above their 50-day moving average, reaching C$21.33 and last trading at C$21.30, up about 2%. The 50-day average is C$20.64, while the 200-day average is C$19.44.
• Analysts remain broadly positive: six rate the stock Buy and two rate it Hold, producing a consensus “Moderate Buy” rating and an average price target of C$27.20.
• The company reported quarterly revenue of C$620.03 million and EPS of C$0.11, while maintaining a quarterly dividend of $0.12 per share, equivalent to a 2.3% annualized yield.

Shares of Spin Master Corp. (TSE:TOY - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$20.64 and traded as high as C$21.33. Spin Master shares last traded at C$21.30, with a volume of 111,506 shares trading hands.

Wall Street Analysts Forecast Growth

TOY has been the subject of several analyst reports. TD lifted their price objective on shares of Spin Master from C$26.00 to C$27.00 and gave the stock a "buy" rating in a research note on Friday, July 3rd. Jefferies Financial Group increased their target price on shares of Spin Master from C$23.00 to C$26.00 and gave the stock a "buy" rating in a research report on Friday, May 1st. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$27.20.

Spin Master Stock Up 2.0%

The company has a debt-to-equity ratio of 30.48, a current ratio of 1.09 and a quick ratio of 2.06. The company has a market cap of C$2.13 billion, a P/E ratio of -27.31, a PEG ratio of 0.57 and a beta of 0.70. The stock has a 50-day moving average of C$20.64 and a 200 day moving average of C$19.44.

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

Spin Master Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders 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 dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, June 26th. Spin Master's dividend payout ratio 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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