National Bank Financial Analysts Raise Earnings Estimates for Spin Master Corp. (TSE:TOY)

Spin Master Corp. (TSE:TOY) – Analysts at National Bank Financial lifted their FY2024 earnings per share estimates for shares of Spin Master in a note issued to investors on Wednesday, April 24th. National Bank Financial analyst A. Shine now forecasts that the company will post earnings of $4.02 per share for the year, up from their previous estimate 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.

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

A number of other analysts have also recently weighed in on the stock. Royal Bank of Canada decreased their price target on shares of Spin Master from C$50.00 to C$46.00 and set an “outperform” rating for the company in a research report on Monday, March 18th. National Bankshares decreased their price target on shares of Spin Master from C$42.00 to C$40.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. Jefferies Financial Group decreased their price target on shares of Spin Master from C$41.00 to C$40.00 and set a “hold” rating for the company in a research report on Thursday, February 15th. Canaccord Genuity Group lowered their target price on Spin Master from C$52.00 to C$51.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. Finally, TD Securities upgraded Spin Master from a “buy” rating to an “action list buy” rating and lowered their target price for the company from C$50.00 to C$48.00 in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$47.13.

Spin Master Stock Down 2.6 %

Shares of TSE TOY opened at C$30.30 on Friday. Spin Master has a 52-week low of C$30.22 and a 52-week high of C$39.55. The firm has a fifty day moving average of C$33.16 and a 200-day moving average of C$34.01. The stock has a market capitalization of C$1.06 billion, a PE ratio of 15.62, a P/E/G ratio of 2.98 and a beta of 1.87. The company has a quick ratio of 2.06, a current ratio of 2.95 and a debt-to-equity ratio of 4.38.

Spin Master Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, April 12th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.79%. Spin Master’s dividend payout ratio (DPR) is presently 12.37%.

Insider Activity at Spin Master

In other Spin Master news, Senior Officer Chris Harrs sold 1,453 shares of Spin Master stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$33.25, for a total value of C$48,312.25. Company insiders own 1.59% of the company’s stock.

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.