Cormark Comments on Spin Master's FY2025 Earnings (TSE:TOY)

Key Points

• Cormark has revised down its FY2025 earnings estimate for Spin Master, projecting earnings of $2.51 per share, compared to a prior forecast of $2.74.
• Despite Cormark's downgrade, National Bank upgraded Spin Master's rating from "sector perform" to "outperform" and increased the target price from C$26.00 to C$29.00.
• Spin Master recently announced a quarterly dividend of $0.12 per share, yielding 2.2% annually, though it has a high dividend payout ratio of 113.60%.

Spin Master Corp. (TSE:TOY - Free Report) - Stock analysts at Cormark dropped their FY2025 earnings estimates for shares of Spin Master in a research note issued on Friday, August 1st. Cormark analyst D. Mcfadgen now anticipates that the company will earn $2.51 per share for the year, down from their prior forecast of $2.74. The consensus estimate for Spin Master's current full-year earnings is $3.14 per share. Cormark also issued estimates for Spin Master's FY2026 earnings at $3.31 EPS.

A number of other research analysts also recently weighed in on TOY. Canaccord Genuity Group decreased their price objective on shares of Spin Master from C$26.00 to C$24.00 and set a "hold" rating for the company in a research report on Friday, August 1st. Stifel Canada cut shares of Spin Master from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. National Bankshares raised shares of Spin Master from a "sector perform" rating to an "outperform" rating and increased their price target for the company from C$26.00 to C$29.00 in a research note on Thursday, May 8th. CIBC set a C$28.00 price objective on shares of Spin Master and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd. Finally, TD Securities reduced their price objective on shares of Spin Master from C$32.00 to C$31.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$30.63.

Spin Master Stock Performance

Shares of TSE:TOY traded down C$0.04 on Monday, hitting C$21.31. 53,860 shares of the company were exchanged, compared to its average volume of 139,575. Spin Master has a 1-year low of C$20.30 and a 1-year high of C$35.44. The company has a current ratio of 1.14, a quick ratio of 2.06 and a debt-to-equity ratio of 39.61. The firm has a market capitalization of C$1.56 billion, a P/E ratio of 50.43, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86. The stock's 50 day moving average price is C$23.98 and its 200 day moving average price is C$25.49.

Spin Master Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, July 11th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, June 27th. Spin Master's payout ratio is 113.60%.

About Spin Master

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).