Analysts Set Spin Master Corp. (TSE:TOY) Price Target at C$27.20

Shares of Spin Master Corp. (TSE:TOY) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$27.20.

A number of analysts have recently weighed in on TOY shares. Jefferies Financial Group increased their target price on shares of Spin Master from C$23.00 to C$26.00 and gave the stock a “buy” rating in a report on Friday, May 1st. TD upped their price target on Spin Master from C$26.00 to C$27.00 and gave the company a “buy” rating in a research report on Friday, July 3rd.

Spin Master Trading Down 0.6%

TSE:TOY opened at C$20.88 on Thursday. The company has a fifty day moving average of C$20.59 and a 200 day moving average of C$19.43. Spin Master has a 52 week low of C$17.13 and a 52 week high of C$24.13. The company has a quick ratio of 2.06, a current ratio of 1.09 and a debt-to-equity ratio of 30.48. The firm has a market capitalization of C$2.09 billion, a P/E ratio of -26.77, a P/E/G ratio of 0.57 and a beta of 0.70.

Spin Master (TSE:TOY) last announced its quarterly earnings results on Thursday, July 30th. The company reported C$0.11 earnings per share (EPS) for the quarter. Spin Master had a negative net margin of 4.01% and a negative return on equity of 6.74%. The business had revenue of C$620.03 million for the quarter. On average, research analysts predict that Spin Master will post 3.1361829 earnings per share for the current year.

Spin Master Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, July 10th were issued 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 26th. Spin Master’s dividend payout ratio is currently -44.16%.

Spin Master Company Profile

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.