Stifel Canada Lowers Earnings Estimates for Spin Master

Spin Master Corp. (TSE:TOY) – Investment analysts at Stifel Canada cut their FY2024 earnings estimates for shares of Spin Master in a report issued on Thursday, October 31st. Stifel Canada analyst M. Landry now expects that the company will post earnings per share of $2.91 for the year, down from their prior forecast of $2.97. The consensus estimate for Spin Master’s current full-year earnings is $3.14 per share. Stifel Canada also issued estimates for Spin Master’s Q3 2025 earnings at $2.48 EPS, Q4 2025 earnings at $0.97 EPS, FY2025 earnings at $3.35 EPS and FY2026 earnings at $3.86 EPS.

A number of other research firms have also recently commented on TOY. TD Securities set a C$46.00 price objective on Spin Master and gave the company a “buy” rating in a report on Tuesday, September 24th. Royal Bank of Canada cut their price objective on Spin Master from C$46.00 to C$43.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Cormark upped their price objective on Spin Master from C$42.00 to C$45.00 in a research report on Friday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Spin Master currently has a consensus rating of “Moderate Buy” and a consensus price target of C$42.13.

Spin Master Trading Down 1.6 %

TOY opened at C$30.26 on Monday. Spin Master has a one year low of C$27.52 and a one year high of C$36.82. The stock has a market capitalization of C$1.05 billion, a PE ratio of 53.09, a P/E/G ratio of 0.57 and a beta of 1.86. The business’s 50 day moving average price is C$31.49 and its 200 day moving average price is C$30.58. The company has a debt-to-equity ratio of 47.83, a quick ratio of 2.06 and a current ratio of 1.02.

Insiders Place Their Bets

In other news, Director Chi Wah Yuen sold 4,704 shares of the stock in a transaction dated 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 other news, Senior Officer Douglas Wadleigh sold 2,094 shares of the stock in a transaction dated Tuesday, September 17th. The shares were 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 the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of C$31.45, for a total transaction of C$147,963.85. Over the last 90 days, insiders have sold 33,498 shares of company stock valued at $1,063,920. 2.20% of the stock is currently owned by insiders.

Spin Master Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 27th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, December 27th. Spin Master’s payout ratio is 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.