Spin Master Corp. (TSE:TOY) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of Spin Master Corp. (TSE:TOY) have been given a consensus recommendation of “Moderate Buy” by the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$27.20.

Separately, TD upped their target price on Spin Master from C$26.00 to C$27.00 and gave the company a “buy” rating in a report on Friday, July 3rd.

Spin Master Trading Up 2.6%

Spin Master stock opened at C$20.40 on Friday. The firm has a market cap of C$2.04 billion, a price-to-earnings ratio of -26.15, a price-to-earnings-growth ratio of 0.57 and a beta of 0.73. Spin Master has a 1 year low of C$17.13 and a 1 year high of C$24.13. The firm’s 50 day moving average price is C$20.57 and its two-hundred day moving average price is C$19.63. The company has a debt-to-equity ratio of 30.48, a quick ratio of 2.06 and a current ratio of 1.09.

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

Spin Master Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, October 9th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $0.48 dividend on an annualized basis and a yield of 2.4%. Spin Master’s dividend payout ratio is currently -44.16%.

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.