Spin Master Corp. (TSE:TOY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Spin Master Corp. (TSE:TOY) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$44.63.

Several equities analysts have commented on TOY shares. Royal Bank of Canada upped their price objective on Spin Master from C$46.00 to C$47.00 in a research report on Wednesday, July 24th. TD Securities set a C$46.00 price target on shares of Spin Master and gave the stock a “buy” rating in a report on Tuesday.

Insider Buying and Selling

In other Spin Master news, Senior Officer Tara Lise Deakin sold 24,700 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of C$31.87, for a total transaction of C$787,235.93. In other news, Senior Officer Douglas Wadleigh sold 2,094 shares of Spin Master 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, Senior Officer Tara Lise Deakin sold 24,700 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$31.87, for a total value of C$787,235.93. Insiders sold a total of 33,498 shares of company stock valued at $1,063,920 over the last three months. 2.20% of the stock is owned by company insiders.

Spin Master Price Performance

TOY stock opened at C$31.51 on Thursday. The company has a current ratio of 1.02, a quick ratio of 2.06 and a debt-to-equity ratio of 47.83. Spin Master has a 12 month low of C$27.52 and a 12 month high of C$37.73. The stock has a market cap of C$1.09 billion, a PE ratio of 55.28, a P/E/G ratio of 0.57 and a beta of 1.87. The company has a 50-day moving average price of C$31.22 and a 200 day moving average price of C$30.88.

Spin Master (TSE:TOY) last released its earnings results on Tuesday, July 30th. The company reported C$0.12 EPS for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.03). Spin Master had a net margin of 2.37% and a return on equity of 3.56%. The business had revenue of C$563.71 million for the quarter, compared to the consensus estimate of C$583.31 million.

Spin Master Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, July 12th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, June 28th. This represents a $0.48 annualized dividend and a dividend yield of 1.52%. This is a positive change from Spin Master’s previous quarterly dividend of $0.06. Spin Master’s dividend payout ratio (DPR) is currently 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.