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

Shares of Spin Master Corp. (TSE:TOY) have been assigned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$44.50.

A number of research firms recently weighed in on TOY. TD Securities decreased their target price on shares of Spin Master from C$48.00 to C$46.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Jefferies Financial Group decreased their target price on shares of Spin Master from C$40.00 to C$35.00 in a research report on Thursday, May 9th. National Bankshares decreased their target price on shares of Spin Master from C$40.00 to C$35.00 in a research report on Thursday, May 9th. Stifel Nicolaus decreased their target price on shares of Spin Master from C$50.00 to C$45.00 in a research report on Thursday, May 9th. Finally, CIBC decreased their target price on shares of Spin Master from C$41.00 to C$37.00 in a research report on Thursday, May 9th.

Insider Buying and Selling at Spin Master

In other news, Senior Officer Chris Harrs sold 1,453 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of C$33.25, for a total transaction of C$48,312.25. Corporate insiders own 2.20% of the company’s stock.

Spin Master Stock Up 0.0 %

Shares of TOY stock opened at C$28.45 on Friday. The firm has a fifty day moving average of C$31.26 and a 200-day moving average of C$33.04. The company has a quick ratio of 2.06, a current ratio of 1.09 and a debt-to-equity ratio of 46.93. Spin Master has a 12-month low of C$27.52 and a 12-month high of C$37.73. The company has a market capitalization of C$1.00 billion, a price-to-earnings ratio of 22.76, a P/E/G ratio of 0.58 and a beta of 1.87.

Spin Master (TSE:TOY) last issued its quarterly earnings data on Tuesday, May 7th. The company reported C($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.06 by C($0.32). Spin Master had a return on equity of 7.63% and a net margin of 5.05%. As a group, equities research analysts predict that Spin Master will post 2.8894422 earnings per share for the current fiscal year.

Spin Master Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.48 dividend on an annualized basis and a yield of 1.69%. This is a boost from Spin Master’s previous quarterly dividend of $0.06. Spin Master’s dividend payout ratio (DPR) is currently 38.40%.

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.