Spin Master Corp. Expected to Earn Q1 2024 Earnings of $0.12 Per Share (TSE:TOY)

Spin Master Corp. (TSE:TOY) – Investment analysts at National Bank Financial issued their Q1 2024 earnings estimates for shares of Spin Master in a research note issued to investors on Wednesday, April 24th. National Bank Financial analyst A. Shine anticipates that the company will post earnings per share of $0.12 for the quarter. The consensus estimate for Spin Master’s current full-year earnings is $3.00 per share. National Bank Financial also issued estimates for Spin Master’s Q2 2024 earnings at $0.81 EPS, Q3 2024 earnings at $2.06 EPS and Q4 2024 earnings at $1.03 EPS.

Spin Master (TSE:TOY) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$0.26 earnings per share for the quarter, topping the consensus estimate of C$0.14 by C$0.12. Spin Master had a net margin of 7.95% and a return on equity of 11.34%. The company had revenue of C$684.30 million for the quarter, compared to the consensus estimate of C$681.03 million.

Several other equities analysts also recently weighed in on TOY. Canaccord Genuity Group cut their price target on shares of Spin Master from C$52.00 to C$51.00 and set a “buy” rating on the stock in a report on Tuesday, January 23rd. National Bankshares cut their price target on shares of Spin Master from C$42.00 to C$40.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. Jefferies Financial Group cut their price target on shares of Spin Master from C$41.00 to C$40.00 and set a “hold” rating on the stock in a report on Thursday, February 15th. CIBC cut their price target on shares of Spin Master from C$44.00 to C$41.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. Finally, Royal Bank of Canada dropped their price objective on shares of Spin Master from C$50.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Monday, March 18th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$47.13.

Spin Master Price Performance

Shares of TSE:TOY opened at C$30.30 on Monday. Spin Master has a twelve month low of C$30.22 and a twelve month high of C$39.55. The company’s 50 day moving average is C$33.06 and its 200 day moving average is C$33.97. The company has a current ratio of 2.95, a quick ratio of 2.06 and a debt-to-equity ratio of 4.38. The company has a market cap of C$1.06 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 2.98 and a beta of 1.87.

Spin Master Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, April 12th were issued a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.24 dividend on an annualized basis and a yield of 0.79%. Spin Master’s payout ratio is currently 12.37%.

Insider Buying and Selling at Spin Master

In other Spin Master news, Senior Officer Chris Harrs sold 1,453 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$33.25, for a total value of C$48,312.25. 1.59% of the stock is currently owned by insiders.

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.