Spin Master (TSE:TOY) Stock Passes Below Fifty Day Moving Average of $29.53

Shares of Spin Master Corp. (TSE:TOY) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$29.53 and traded as low as C$28.01. Spin Master shares last traded at C$28.11, with a volume of 79,812 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. National Bank Financial downgraded shares of Spin Master from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research note on Wednesday, May 8th. Jefferies Financial Group decreased their price objective on shares of Spin Master from C$40.00 to C$35.00 in a research note on Thursday, May 9th. CIBC decreased their price objective on shares of Spin Master from C$41.00 to C$37.00 in a research note on Thursday, May 9th. Royal Bank of Canada decreased their price objective on shares of Spin Master from C$50.00 to C$46.00 and set an “outperform” rating for the company in a research note on Monday, March 18th. Finally, TD Securities decreased their price objective on shares of Spin Master from C$48.00 to C$46.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Spin Master currently has an average rating of “Moderate Buy” and an average price target of C$44.50.

Spin Master Price Performance

The stock has a fifty day simple moving average of C$29.44 and a two-hundred day simple moving average of C$32.32. The company has a market cap of C$992.29 million, a PE ratio of 22.55, a price-to-earnings-growth ratio of 0.58 and a beta of 1.87. The company has a current ratio of 1.09, a quick ratio of 2.06 and a debt-to-equity ratio of 46.93.

Spin Master (TSE:TOY) last announced its quarterly earnings results on Tuesday, May 7th. The company reported C($0.26) EPS for the quarter, missing the consensus estimate of C$0.06 by C($0.32). The firm had revenue of C$426.28 million for the quarter, compared to analysts’ expectations of C$407.27 million. Spin Master had a return on equity of 7.63% and a net margin of 5.05%. On average, equities analysts predict that Spin Master Corp. will post 2.8894422 EPS 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. Stockholders of record on Friday, July 12th will be paid a dividend of $0.12 per share. This is a positive change from Spin Master’s previous quarterly dividend of $0.06. The ex-dividend date is Friday, June 28th. This represents a $0.48 annualized dividend and a dividend yield of 1.70%. Spin Master’s payout ratio is 38.40%.

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.