Cormark Issues Pessimistic Estimate for Spin Master Earnings

Spin Master Corp. (TSE:TOY) – Equities research analysts at Cormark reduced their FY2024 earnings per share estimates for shares of Spin Master in a report issued on Monday, October 28th. Cormark analyst D. Mcfadgen now expects that the company will earn $2.75 per share for the year, down from their previous estimate of $2.77. The consensus estimate for Spin Master’s current full-year earnings is $3.14 per share.

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

Several other research analysts also recently commented on the company. TD Securities set a C$46.00 target price on Spin Master and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Royal Bank of Canada cut their target price 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 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.com, Spin Master presently has a consensus rating of “Moderate Buy” and a consensus target price of C$42.14.

Spin Master Stock Up 1.4 %

Shares of TSE TOY opened at C$32.61 on Wednesday. Spin Master has a 52 week low of C$27.52 and a 52 week high of C$36.82. The business has a 50-day simple moving average of C$31.55 and a two-hundred day simple moving average of C$30.63. The company has a quick ratio of 2.06, a current ratio of 1.02 and a debt-to-equity ratio of 47.83. The company has a market cap of C$1.13 billion, a P/E ratio of 57.21, a P/E/G ratio of 0.57 and a beta of 1.86.

Insider Activity

In other 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 transaction of C$147,963.85. In related news, Director Chi Wah Yuen sold 4,704 shares of the firm’s stock in a transaction dated 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 firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of C$33.27, for a total value of C$66,532.60. In the last 90 days, insiders sold 33,498 shares of company stock worth $1,063,920. 2.20% of the stock is currently owned by insiders.

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.