Spin Master Corp. (TSE:TOY) Plans Quarterly Dividend of $0.12

Spin Master Corp. (TSE:TOY) declared a quarterly dividend on Friday, June 26th, TickerTech Dividends reports. Shareholders of record on Friday, July 10th will be given a dividend of 0.12 per share on Friday, July 10th. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, June 26th.

Spin Master Trading Down 1.7%

TOY opened at C$18.00 on Wednesday. The firm has a market capitalization of C$1.81 billion, a P/E ratio of -11.69, a P/E/G ratio of 0.57 and a beta of 0.78. The firm’s 50 day moving average is C$18.76 and its 200-day moving average is C$19.03. Spin Master has a 52-week low of C$17.13 and a 52-week high of C$26.34. The company has a quick ratio of 2.06, a current ratio of 1.10 and a debt-to-equity ratio of 35.23.

Spin Master (TSE:TOY) last announced its earnings results on Thursday, April 30th. The company reported C($0.33) earnings per share for the quarter. Spin Master had a negative net margin of 7.69% and a negative return on equity of 12.40%. The firm had revenue of C$456.71 million during the quarter. Analysts expect that Spin Master will post 3.1361829 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. ATB Cormark Capital Markets raised their target price on Spin Master from C$36.00 to C$38.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Royal Bank Of Canada reduced their price target on Spin Master from C$27.00 to C$25.00 and set an “outperform” rating for the company in a report on Friday, March 6th. Canaccord Genuity Group lowered their price objective on Spin Master from C$22.00 to C$20.00 and set a “hold” rating for the company in a research note on Friday, March 6th. Jefferies Financial Group lifted their price objective on Spin Master from C$23.00 to C$26.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Stifel Nicolaus increased their target price on Spin Master from C$20.00 to C$21.00 and gave the company a “hold” rating in a research note on Friday, March 6th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$27.22.

About Spin Master

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.