Spin Master (TSE:TOY) Stock Crosses Below 50-Day Moving Average of $29.21

Spin Master Corp. (TSE:TOY)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$29.21 and traded as low as C$28.33. Spin Master shares last traded at C$28.74, with a volume of 20,909 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. 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 on the stock in a report on Monday, March 18th. TD Securities decreased their price target on shares of Spin Master from C$48.00 to C$46.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. National Bank Financial downgraded shares of Spin Master from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research report on Wednesday, May 8th. Jefferies Financial Group reduced their price objective on Spin Master from C$40.00 to C$35.00 in a report on Thursday, May 9th. Finally, Stifel Nicolaus lowered their target price on Spin Master from C$50.00 to C$45.00 in a research note on Thursday, May 9th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$44.50.

Spin Master Trading Up 1.7 %

The company has a debt-to-equity ratio of 46.93, a current ratio of 1.09 and a quick ratio of 2.06. The company has a market capitalization of C$1.01 billion, a price-to-earnings ratio of 22.99, a P/E/G ratio of 0.58 and a beta of 1.87. The business’s 50-day moving average price is C$29.21 and its two-hundred day moving average price is C$32.17.

Spin Master (TSE:TOY) last announced its quarterly earnings data on Tuesday, May 7th. The company reported C($0.26) earnings per share for the quarter, missing the consensus estimate of C$0.06 by C($0.32). The company had revenue of C$426.28 million during the quarter, compared to analyst estimates of C$407.27 million. Spin Master had a net margin of 5.05% and a return on equity of 7.63%. Research analysts predict that Spin Master Corp. will post 2.8894422 earnings per share for the current year.

Spin Master Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, July 12th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.67%. This is an increase from Spin Master’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, June 28th. Spin Master’s dividend payout ratio is presently 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.