FY2024 EPS Estimates for Spin Master Lifted by Analyst

Spin Master Corp. (TSE:TOY) – Analysts at National Bank Financial boosted their FY2024 earnings per share (EPS) estimates for shares of Spin Master in a research note issued to investors on Wednesday, October 30th. National Bank Financial analyst A. Shine now expects that the company will post earnings per share of $3.59 for the year, up from their prior forecast of $3.06. The consensus estimate for Spin Master’s current full-year earnings is $3.14 per share. National Bank Financial also issued estimates for Spin Master’s FY2025 earnings at $4.87 EPS.

Several other equities analysts also recently issued reports on TOY. Royal Bank of Canada decreased their price objective on shares of Spin Master from C$46.00 to C$43.00 and set an “outperform” rating for the company in a research note on Friday. Cormark raised their price target on Spin Master from C$42.00 to C$45.00 in a research note on Friday. Finally, TD Securities set a C$46.00 price target on Spin Master and gave the stock a “buy” rating in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$42.13.

Spin Master Price Performance

Shares of TOY opened at C$30.74 on Monday. The firm has a market capitalization of C$1.07 billion, a price-to-earnings ratio of 53.93, a PEG ratio of 0.57 and a beta of 1.86. The firm’s fifty day simple moving average is C$31.49 and its 200-day simple moving average is C$30.58. Spin Master has a twelve month low of C$27.52 and a twelve month high of C$36.82. The company has a current ratio of 1.02, a quick ratio of 2.06 and a debt-to-equity ratio of 47.83.

Insiders Place Their Bets

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

Spin Master Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.48 annualized dividend and a yield of 1.56%. Spin Master’s dividend payout ratio (DPR) is presently 84.21%.

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.