Cormark Has Pessimistic View of Spin Master FY2024 Earnings

Spin Master Corp. (TSE:TOY - Free Report) - Investment analysts at Cormark reduced their FY2024 earnings per share estimates for shares of Spin Master in a note issued to investors on Monday, October 28th. Cormark analyst D. Mcfadgen now anticipates that the company will post earnings of $2.75 per share for the year, down from their prior estimate of $2.77. The consensus estimate for Spin Master's current full-year earnings is $3.14 per share.

A number of other research firms have also weighed in on TOY. TD Securities set a C$46.00 price objective on Spin Master and gave the company a "buy" rating in a research note on Tuesday, September 24th. Royal Bank of Canada cut their price target on Spin Master from C$47.00 to C$46.00 and set an "outperform" rating for the company in a research note on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of C$42.14.

Spin Master Stock Performance

Shares of TSE TOY traded up C$0.45 during trading on Wednesday, reaching C$32.61. 144,795 shares of the company traded hands, compared to its average volume of 86,961. The firm's fifty day simple moving average is C$31.51 and its 200 day simple moving average is C$30.64. The stock has a market cap of C$1.13 billion, a P/E ratio of 56.42, a PEG 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$36.82. The company has a current ratio of 1.02, a quick ratio of 2.06 and a debt-to-equity ratio of 47.83.

Spin Master (TSE:TOY - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The company reported C$0.12 earnings per share for the quarter, missing analysts' consensus estimates of C$0.15 by C($0.03). The company had revenue of C$563.71 million for the quarter, compared to analysts' expectations 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 related news, Director Chi Wah Yuen sold 4,704 shares of Spin Master stock in a transaction dated 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 other Spin Master news, Director Chi Wah Yuen sold 4,704 shares of the business's stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of C$31.45, for a total transaction of C$147,963.85. Also, Senior Officer Tara Lise Deakin sold 2,000 shares of the business's stock in a transaction that occurred 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. Insiders sold a total of 33,498 shares of company stock worth $1,063,920 in the last 90 days. Corporate insiders own 2.20% of the company's stock.

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.