Spin Master Corp. (TSE:TOY) Receives C$44.63 Average Target Price from Analysts

Spin Master Corp. (TSE:TOY) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$44.63.

Separately, Royal Bank of Canada increased their price objective on shares of Spin Master from C$46.00 to C$47.00 in a report on Wednesday, July 24th.

Spin Master Stock Performance

The company has a 50 day moving average price of C$30.76 and a two-hundred day moving average price of C$31.11. The company has a market cap of C$1.04 billion, a price-to-earnings ratio of 52.96, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. Spin Master has a 12-month low of C$27.52 and a 12-month high of C$37.73. The company has a debt-to-equity ratio of 47.83, a current ratio of 1.02 and a quick ratio of 2.06.

Spin Master (TSE:TOY) last announced its quarterly earnings data on Tuesday, July 30th. The company reported C$0.12 EPS for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.03). Spin Master had a return on equity of 3.56% and a net margin of 2.37%. The firm had revenue of C$563.71 million during the quarter, compared to analyst estimates of C$583.31 million. As a group, research analysts forecast that Spin Master will post 2.9760369 EPS for the current year.

Spin Master Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, July 12th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of ∞. This is a boost from Spin Master’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, June 28th. Spin Master’s dividend payout ratio (DPR) is currently 84.21%.

Insider Activity at Spin Master

In other news, Senior Officer Tara Lise Deakin sold 24,700 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of C$31.87, for a total transaction of C$787,235.93. In related news, Director Chi Wah Yuen sold 4,704 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of C$31.45, for a total value of C$147,963.85. Also, Senior Officer Tara Lise Deakin sold 24,700 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of C$31.87, for a total value of C$787,235.93. Insiders sold a total of 31,404 shares of company stock worth $1,001,732 in the last quarter. Corporate insiders own 2.20% of the company’s stock.

About Spin Master

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.