Brokers Issue Forecasts for Spin Master Corp.’s Q1 2024 Earnings (TSE:TOY)

Spin Master Corp. (TSE:TOY) – Analysts at National Bank Financial issued their Q1 2024 earnings per share (EPS) estimates for shares of Spin Master in a research note issued on Wednesday, April 24th. National Bank Financial analyst A. Shine expects that the company will post earnings per share of $0.12 for the quarter. The consensus estimate for Spin Master’s current full-year earnings is $3.00 per share. National Bank Financial also issued estimates for Spin Master’s Q2 2024 earnings at $0.81 EPS, Q3 2024 earnings at $2.06 EPS and Q4 2024 earnings at $1.03 EPS.

Other equities analysts also recently issued reports about the stock. CIBC dropped their target price on shares of Spin Master from C$44.00 to C$41.00 and set an “outperform” rating on the stock in a research note on Friday, March 1st. Canaccord Genuity Group lowered their price target on Spin Master from C$52.00 to C$51.00 and set a “buy” rating for the company in a report on Tuesday, January 23rd. Royal Bank of Canada lowered their price target on Spin Master from C$50.00 to C$46.00 and set an “outperform” rating for the company in a report on Monday, March 18th. Jefferies Financial Group lowered their price target on Spin Master from C$41.00 to C$40.00 and set a “hold” rating for the company in a report on Thursday, February 15th. Finally, National Bankshares lowered their price target on Spin Master from C$42.00 to C$40.00 and set an “outperform” rating for the company in a report on Friday, March 1st. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$47.13.

Spin Master Trading Down 2.2 %

TSE TOY opened at C$30.08 on Monday. Spin Master has a 12 month low of C$30.00 and a 12 month high of C$39.55. The company’s 50-day moving average price is C$32.98 and its 200-day moving average price is C$33.93. The stock has a market cap of C$1.05 billion, a PE ratio of 15.54, a PEG ratio of 2.98 and a beta of 1.87. The company has a current ratio of 2.95, a quick ratio of 2.06 and a debt-to-equity ratio of 4.38.

Spin Master (TSE:TOY) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C$0.26 EPS for the quarter, beating the consensus estimate of C$0.14 by C$0.12. The company had revenue of C$684.30 million for the quarter, compared to the consensus estimate of C$681.03 million. Spin Master had a return on equity of 11.34% and a net margin of 7.95%.

Insider Transactions at Spin Master

In other news, Senior Officer Chris Harrs sold 1,453 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of C$33.25, for a total transaction of C$48,312.25. Corporate insiders own 1.59% of the company’s stock.

Spin Master Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, April 12th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Wednesday, March 27th. Spin Master’s payout ratio is currently 12.37%.

Spin Master Company Profile

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.