Cormark Weighs in on Spin Master Corp.’s FY2024 Earnings (TSE:TOY)

Spin Master Corp. (TSE:TOY) – Stock analysts at Cormark upped their FY2024 EPS estimates for shares of Spin Master in a research note issued to investors on Thursday, August 1st. Cormark analyst D. Mcfadgen now forecasts that the company will post earnings per share of $2.77 for the year, up from their prior forecast of $2.64. The consensus estimate for Spin Master’s current full-year earnings is $2.89 per share.

Spin Master (TSE:TOY) last issued its quarterly earnings data on Tuesday, May 7th. The company reported C($0.26) earnings per share for the quarter, missing the consensus estimate of C$0.06 by C($0.32). Spin Master had a return on equity of 7.63% and a net margin of 5.05%. The business had revenue of C$426.28 million during the quarter, compared to the consensus estimate of C$407.27 million.

A number of other research firms have also recently commented on TOY. Stifel Nicolaus decreased their target price on shares of Spin Master from C$50.00 to C$45.00 in a research note on Thursday, May 9th. National Bankshares reduced their price objective on shares of Spin Master from C$40.00 to C$35.00 in a research report on Thursday, May 9th. TD Securities reduced their price objective on shares of Spin Master from C$48.00 to C$46.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Royal Bank of Canada boosted their target price on shares of Spin Master from C$46.00 to C$47.00 in a report on Wednesday, July 24th. Finally, National Bank Financial downgraded Spin Master from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$44.63.

Spin Master Price Performance

Shares of TSE:TOY opened at C$30.70 on Monday. The firm’s 50 day moving average price is C$29.73 and its 200-day moving average price is C$31.62. Spin Master has a twelve month low of C$27.52 and a twelve month high of C$37.73. The company has a quick ratio of 2.06, a current ratio of 1.09 and a debt-to-equity ratio of 46.93. The stock has a market capitalization of C$1.08 billion, a PE ratio of 24.56, a price-to-earnings-growth ratio of 0.58 and a beta of 1.87.

Spin Master Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, July 12th were paid a $0.12 dividend. This is a positive change from Spin Master’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.48 dividend on an annualized basis and a yield of 1.56%. Spin Master’s dividend payout ratio (DPR) is presently 38.40%.

About Spin Master

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.