What is Cormark's Forecast for Spin Master Q3 Earnings?

Spin Master Corp. (TSE:TOY - Free Report) - Cormark issued their Q3 2024 earnings per share estimates for Spin Master in a note issued to investors on Monday, October 28th. Cormark analyst D. Mcfadgen anticipates that the company will post earnings per share of $2.17 for the quarter. The consensus estimate for Spin Master's current full-year earnings is $3.14 per share. Cormark also issued estimates for Spin Master's FY2025 earnings at $2.70 EPS.

Several other analysts have also recently weighed in on the company. Royal Bank of Canada cut their price objective on Spin Master from C$47.00 to C$46.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 23rd. TD Securities set a C$46.00 price objective on Spin Master and gave the company a "buy" rating in a research report on Tuesday, September 24th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$42.14.

Spin Master Trading Down 2.7 %

Spin Master stock traded down C$0.90 during mid-day trading on Tuesday, reaching C$32.16. 74,469 shares of the company traded hands, compared to its average volume of 86,684. The firm's 50 day moving average price is C$31.51 and its 200 day moving average price is C$30.64. The firm has a market capitalization of C$1.12 billion, a price-to-earnings ratio of 56.42, a P/E/G ratio of 0.57 and a beta of 1.86. The company has a debt-to-equity ratio of 47.83, a current ratio of 1.02 and a quick ratio of 2.06. Spin Master has a 52-week low of C$27.52 and a 52-week high of C$36.82.

Spin Master (TSE:TOY - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The company reported C$0.12 EPS for the quarter, missing analysts' consensus estimates of C$0.15 by C($0.03). The business had revenue of C$563.71 million for the quarter, compared to the consensus estimate of C$583.31 million. Spin Master had a net margin of 2.37% and a return on equity of 3.56%.

Insider Activity at Spin Master

In other news, Senior Officer Tara Lise Deakin sold 24,700 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$31.87, for a total value of C$787,235.93. In other Spin Master news, Senior Officer Tara Lise Deakin sold 24,700 shares of Spin Master stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of C$31.87, for a total value of C$787,235.93. Also, Senior Officer Douglas Wadleigh sold 2,094 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$29.70, for a total transaction of C$62,187.19. Insiders sold a total of 33,498 shares of company stock valued at $1,063,920 in the last 90 days. Corporate insiders own 2.20% of the company's stock.

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.