Spin Master Corp. (TSE:TOY) Plans Quarterly Dividend of $0.12

Spin Master Corp. (TSE:TOY) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors of record on Friday, December 27th will be given a dividend of 0.12 per share on Friday, January 10th. This represents a $0.48 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Friday, December 27th.

Spin Master Stock Performance

Spin Master stock opened at C$29.47 on Friday. Spin Master has a fifty-two week low of C$27.52 and a fifty-two week high of C$36.82. The stock’s 50 day simple moving average is C$31.55 and its two-hundred day simple moving average is C$30.63. The company has a debt-to-equity ratio of 47.83, a quick ratio of 2.06 and a current ratio of 1.02. The stock has a market cap of C$1.02 billion, a price-to-earnings ratio of 51.70, a PEG ratio of 0.57 and a beta of 1.86.

Spin Master (TSE:TOY) last released its quarterly earnings results on Tuesday, July 30th. The company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.15 by C($0.03). The firm had revenue of C$563.71 million for the quarter, compared to the consensus estimate of C$583.31 million. Spin Master had a net margin of 2.37% and a return on equity of 3.56%. As a group, analysts expect that Spin Master will post 3.1361829 earnings per share for the current fiscal year.

Insider Transactions at Spin Master

In other news, Senior Officer Douglas Wadleigh sold 2,094 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$29.70, for a total value of C$62,187.19. In other news, Senior Officer Douglas Wadleigh sold 2,094 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$29.70, for a total value of C$62,187.19. Also, Director Chi Wah Yuen sold 4,704 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of C$31.45, for a total value of C$147,963.85. Insiders sold a total of 33,498 shares of company stock valued at $1,063,920 in the last quarter. 2.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TOY. TD Securities set a C$46.00 target price on shares of Spin Master and gave the company a “buy” rating in a report on Tuesday, September 24th. Royal Bank of Canada dropped their price objective on shares of Spin Master from C$47.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$42.14.

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.