Spin Master (TSE:TOY) Sets New 12-Month High – What’s Next?

Spin Master Corp. (TSE:TOY)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$24.13 and last traded at C$21.89, with a volume of 39201 shares changing hands. The stock had previously closed at C$23.36.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TOY. TD increased their target price on shares of Spin Master from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research report on Friday, July 3rd. Jefferies Financial Group boosted their price objective on shares of Spin Master from C$23.00 to C$26.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$27.20.

Spin Master Stock Down 9.1%

The firm has a market cap of C$2.14 billion, a PE ratio of -13.79, a P/E/G ratio of 0.57 and a beta of 0.70. The company has a quick ratio of 2.06, a current ratio of 1.10 and a debt-to-equity ratio of 35.23. The stock has a 50-day simple moving average of C$20.18 and a two-hundred day simple moving average of C$19.33.

Spin Master (TSE:TOY) last released its earnings results on Thursday, July 30th. The company reported C$0.11 earnings per share for the quarter. The company had revenue of C$620.03 million during the quarter. Spin Master had a negative return on equity of 12.40% and a negative net margin of 7.69%. Analysts expect that Spin Master Corp. will post 3.1361829 earnings per share for the current year.

Spin Master Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, July 10th were paid a $0.12 dividend. 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 payout ratio is -22.58%.

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.