Spin Master Corp. (TSE:TOY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Spin Master Corp. (TSE:TOY) have earned an average recommendation of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$27.22.

Several equities research analysts have recently weighed in on TOY shares. Royal Bank Of Canada reduced their price target on Spin Master from C$27.00 to C$25.00 and set an “outperform” rating on the stock in a report on Friday, March 6th. Stifel Nicolaus increased their price target on Spin Master from C$20.00 to C$21.00 and gave the stock a “hold” rating in a report on Friday, March 6th. Jefferies Financial Group increased their price target on Spin Master from C$23.00 to C$26.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Canaccord Genuity Group reduced their price objective on Spin Master from C$22.00 to C$20.00 and set a “hold” rating on the stock in a report on Friday, March 6th. Finally, ATB Cormark Capital Markets raised their price objective on Spin Master from C$36.00 to C$38.00 and gave the stock an “outperform” rating in a report on Friday, March 6th.

Spin Master Trading Up 0.7%

Shares of TSE TOY opened at C$18.55 on Tuesday. The company has a debt-to-equity ratio of 35.23, a quick ratio of 2.06 and a current ratio of 1.10. The business’s 50 day moving average price is C$18.78 and its 200-day moving average price is C$19.08. Spin Master has a fifty-two week low of C$17.13 and a fifty-two week high of C$26.34. The company has a market cap of C$1.87 billion, a price-to-earnings ratio of -12.05, a PEG ratio of 0.57 and a beta of 0.78.

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

Spin Master Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, July 10th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, June 26th. Spin Master’s dividend payout ratio (DPR) is presently -22.58%.

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.