FY2024 EPS Estimates for Spin Master Cut by Stifel Canada

Spin Master Corp. (TSE:TOY) – Stifel Canada lowered their FY2024 earnings per share estimates for Spin Master in a research report issued on Thursday, October 31st. Stifel Canada analyst M. Landry now forecasts that the company will post earnings of $2.91 per share for the year, down from their previous estimate of $2.97. The consensus estimate for Spin Master’s current full-year earnings is $3.14 per share. Stifel Canada also issued estimates for Spin Master’s Q3 2025 earnings at $2.48 EPS, Q4 2025 earnings at $0.97 EPS, FY2025 earnings at $3.35 EPS and FY2026 earnings at $3.86 EPS.

Other research analysts have also recently issued research reports about the company. Royal Bank of Canada cut their target price on Spin Master from C$46.00 to C$43.00 and set an “outperform” rating on the stock in a research note on Friday. TD Securities set a C$46.00 price objective on Spin Master and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Finally, Cormark increased their price objective on Spin Master from C$42.00 to C$45.00 in a research note on Friday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$42.13.

Spin Master Trading Down 1.6 %

TOY opened at C$30.26 on Monday. The stock has a market cap of C$1.05 billion, a price-to-earnings ratio of 53.09, a P/E/G ratio of 0.57 and a beta of 1.86. The stock’s 50 day moving average price is C$31.49 and its 200-day moving average price is C$30.58. Spin Master has a one year low of C$27.52 and a one year high of C$36.82. The company has a debt-to-equity ratio of 47.83, a quick ratio of 2.06 and a current ratio of 1.02.

Insider Activity

In other news, Senior Officer Tara Lise Deakin sold 2,000 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of C$33.27, for a total transaction of C$66,532.60. In related news, Senior Officer Tara Lise Deakin sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of C$33.27, for a total value of C$66,532.60. Also, Director Chi Wah Yuen sold 4,704 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of C$31.45, for a total value of C$147,963.85. In the last quarter, insiders sold 33,498 shares of company stock worth $1,063,920. Insiders own 2.20% of the company’s stock.

Spin Master Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, December 27th. This represents a $0.48 annualized dividend and a dividend yield of 1.59%. Spin Master’s dividend payout ratio is presently 84.21%.

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.