Spin Master (TSE:TOY) Stock Price Passes Above 50-Day Moving Average – What’s Next?

Spin Master Corp. (TSE:TOY)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$20.64 and traded as high as C$21.33. Spin Master shares last traded at C$21.30, with a volume of 111,506 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TOY shares. TD raised their price objective on shares of Spin Master from C$26.00 to C$27.00 and gave the stock a “buy” rating in a report on Friday, July 3rd. Jefferies Financial Group increased their price target on shares of Spin Master from C$23.00 to C$26.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$27.20.

Spin Master Trading Down 1.4%

The company has a 50 day moving average of C$20.68 and a 200 day moving average of C$19.46. The firm has a market cap of C$2.10 billion, a price-to-earnings ratio of -26.92, a price-to-earnings-growth ratio of 0.57 and a beta of 0.70. The company has a current ratio of 1.09, a quick ratio of 2.06 and a debt-to-equity ratio of 30.48.

Spin Master (TSE:TOY) last released its quarterly earnings data on Thursday, July 30th. The company reported C$0.11 earnings per share (EPS) for the quarter. The firm 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%. As a group, research analysts anticipate that Spin Master Corp. will post 3.1361829 EPS for the current year.

Spin Master Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, July 10th were given a dividend of $0.12 per share. The ex-dividend date was Friday, June 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.3%. Spin Master’s dividend payout ratio (DPR) is -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.