What is Cormark’s Estimate for Spin Master FY2024 Earnings?

Spin Master Corp. (TSE:TOY) – Research analysts at Cormark cut their FY2024 earnings estimates for shares of Spin Master in a note issued to investors on Monday, October 28th. Cormark analyst D. Mcfadgen now forecasts that the company will post earnings of $2.75 per share for the year, down from their prior estimate of $2.77. The consensus estimate for Spin Master’s current full-year earnings is $3.14 per share.

A number of other research firms have also commented on TOY. TD Securities set a C$46.00 target price on shares of Spin Master and gave the stock a “buy” rating in a report on Tuesday, September 24th. Royal Bank of Canada lowered their target price on shares of Spin Master from C$47.00 to C$46.00 and set an “outperform” rating for the company in a report 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$42.14.

Spin Master Price Performance

TOY opened at C$29.47 on Wednesday. The company has a fifty day moving average price of C$31.55 and a two-hundred day moving average price of 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. Spin Master has a 52 week low of C$27.52 and a 52 week high of C$36.82. The firm has a market capitalization of C$1.02 billion, a PE ratio of 51.70, a P/E/G ratio of 0.57 and a beta of 1.86.

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 return on equity of 3.56% and a net margin of 2.37%. The business had revenue of C$563.71 million for the quarter, compared to analyst estimates of C$583.31 million.

Insider Activity

In other news, Director Chi Wah Yuen sold 4,704 shares of the business’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. In related news, Director Chi Wah Yuen sold 4,704 shares of the business’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. Also, Senior Officer Douglas Wadleigh sold 2,094 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of C$29.70, for a total transaction of C$62,187.19. Insiders sold 33,498 shares of company stock valued at $1,063,920 in the last quarter. Company insiders own 2.20% of the company’s stock.

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.