National Bank Financial Weighs in on Spin Master Corp.'s FY2024 Earnings (TSE:TOY)

Spin Master Corp. (TSE:TOY - Free Report) - National Bank Financial lifted their FY2024 EPS estimates for Spin Master in a research report issued on Wednesday, April 24th. National Bank Financial analyst A. Shine now anticipates that the company will earn $4.02 per share for the year, up from their previous forecast of $3.94. The consensus estimate for Spin Master's current full-year earnings is $3.00 per share. National Bank Financial also issued estimates for Spin Master's FY2025 earnings at $4.25 EPS.

TOY has been the topic of several other research reports. CIBC cut their price target on shares of Spin Master from C$44.00 to C$41.00 and set an "outperform" rating on the stock in a report on Friday, March 1st. Canaccord Genuity Group cut their price target on shares of Spin Master from C$52.00 to C$51.00 and set a "buy" rating on the stock in a report on Tuesday, January 23rd. TD Securities upgraded shares of Spin Master from a "buy" rating to an "action list buy" rating and cut their price target for the stock from C$50.00 to C$48.00 in a report on Wednesday, January 24th. National Bankshares cut their price target on shares of Spin Master from C$42.00 to C$40.00 and set an "outperform" rating on the stock in a report on Friday, March 1st. Finally, Royal Bank of Canada cut their price target on shares of Spin Master from C$50.00 to C$46.00 and set an "outperform" rating on the stock in a report on Monday, March 18th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Spin Master presently has an average rating of "Buy" and a consensus price target of C$47.13.

Spin Master Stock Down 2.6 %

Shares of TOY traded down C$0.82 during mid-day trading on Friday, hitting C$30.30. 64,318 shares of the company traded hands, compared to its average volume of 98,808. Spin Master has a 1-year low of C$30.22 and a 1-year high of C$39.55. The business has a 50 day moving average of C$33.16 and a 200 day moving average of C$34.01. The company has a quick ratio of 2.06, a current ratio of 2.95 and a debt-to-equity ratio of 4.38. The company has a market capitalization of C$1.06 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 2.98 and a beta of 1.87.

Spin Master (TSE:TOY - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported C$0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.14 by C$0.12. Spin Master had a net margin of 7.95% and a return on equity of 11.34%. The firm had revenue of C$684.30 million for the quarter, compared to the consensus estimate of C$681.03 million.

Insider Buying and Selling at Spin Master

In other Spin Master news, Senior Officer Chris Harrs sold 1,453 shares of the firm's stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$33.25, for a total value of C$48,312.25. 1.59% of the stock is currently owned by insiders.

Spin Master Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, April 12th were issued a $0.06 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.24 dividend on an annualized basis and a yield of 0.79%. Spin Master's payout ratio is currently 12.37%.

Spin Master Company Profile

Spin Master Corp., a children's entertainment company, engages in the creation, design, manufacture, licensing, and marketing of various toys, entertainment products, and digital games in North America, Europe, and internationally. The Toys segment's product categories include activities, games and puzzles, and plush; wheels and action; outdoor; and preschool, dolls, and interactive products.