FY2024 EPS Forecast for Spin Master Boosted by Analyst

Spin Master Corp. (TSE:TOY) – Equities research analysts at National Bank Financial upped their FY2024 earnings estimates for shares of Spin Master in a research note issued on Thursday, January 23rd. National Bank Financial analyst A. Shine now expects that the company will earn $3.64 per share for the year, up from their prior estimate of $3.59. The consensus estimate for Spin Master’s current full-year earnings is $3.14 per share. National Bank Financial also issued estimates for Spin Master’s FY2025 earnings at $5.08 EPS.

Other analysts have also issued research reports about the stock. Cormark raised their target price on shares of Spin Master from C$42.00 to C$45.00 in a research report on Friday, November 1st. Royal Bank of Canada reduced their price target 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, November 1st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$40.86.

Spin Master Price Performance

Spin Master stock opened at C$31.83 on Monday. The stock has a market capitalization of C$1.10 billion, a P/E ratio of 55.84, a P/E/G ratio of 0.57 and a beta of 1.86. Spin Master has a 12-month low of C$27.52 and a 12-month high of C$36.03. The company has a debt-to-equity ratio of 47.83, a current ratio of 1.02 and a quick ratio of 2.06. The firm’s 50-day moving average is C$32.81 and its two-hundred day moving average is C$31.65.

Spin Master (TSE:TOY) last posted its quarterly earnings data on Wednesday, October 30th. The company reported C$2.18 EPS for the quarter, missing analysts’ consensus estimates of C$2.24 by C($0.06). Spin Master had a net margin of 2.37% and a return on equity of 3.56%. During the same period last year, the business posted $1.80 EPS.

Spin Master Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, January 10th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Friday, December 27th. Spin Master’s payout ratio is currently 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.