Analysts Set Spin Master Corp. (TSE:TOY) Target Price 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 covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$27.20.

Several equities research analysts have recently commented on the company. TD upped their price objective on Spin Master from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research note on Friday, July 3rd. Jefferies Financial Group lifted their target price on Spin Master from C$23.00 to C$26.00 and gave the company a “buy” rating in a research report on Friday, May 1st.

Spin Master Stock Performance

Shares of TSE TOY opened at C$21.67 on Friday. The firm has a 50 day moving average of C$19.38 and a 200 day moving average of C$19.10. The company has a current ratio of 1.10, a quick ratio of 2.06 and a debt-to-equity ratio of 35.23. The firm has a market capitalization of C$2.18 billion, a price-to-earnings ratio of -14.07, a price-to-earnings-growth ratio of 0.57 and a beta of 0.70. Spin Master has a 12-month low of C$17.13 and a 12-month high of C$26.34.

Spin Master (TSE:TOY) last released its quarterly earnings results on Thursday, April 30th. The company reported C($0.33) earnings per share for the quarter. The business had revenue of C$456.71 million during the quarter. Spin Master had a negative return on equity of 12.40% and a negative net margin of 7.69%. On average, research analysts anticipate that Spin Master will post 3.1361829 earnings per share for the current year.

Spin Master Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, July 10th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.48 annualized dividend and a dividend yield of 2.2%. Spin Master’s dividend payout ratio (DPR) is -22.58%.

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.