The company in question is Spin Master (TSE: TOY). Research analysts at National Bank Financial raised their projection for quarterly earnings per share for Spin Master for the fourth quarter of 2022 in a report disseminated on Tuesday, February 28.
A. Shine, an analyst at National Bank Financial, predicted that the company would achieve $0.12 per share in the fourth quarter.
This is an improvement from the previous forecast, which was $0.15 based on the company’s performance in the third quarter.
The consensus projection for Spin Master’s full year of operations is $2.89 per share.
This is slightly higher than the previous projection.
The forecasts provided by National Bank Financial indicate that the fiscal year 2024 of Spin Master should result in earnings per share of $2.57.
On Friday, one share of TOY was valued at 36.86 dollars when trading started.
The company’s market capitalization is currently valued at 1.19 billion Canadian dollars, its P/E/G ratio is currently valued at 1.36, and its beta is currently valued at 1.89.
A debt-to-equity ratio comes in at 5.75; a quick ratio at 2.06; a current ratio at 2.49; and a quick ratio at 2.06. Over the previous year, the average price of a Spin Master was $50.86, regardless of its high or low point.
The company’s 50-day simple moving average is $35.23, and its 200-day simple moving average is $38.62.
Both of these figures are in Canadian dollars.
Several distinct research organizations have published a report on TOY since it was first brought to their attention.
TD Securities altered their recommendation on shares of Spin Master from “hold” to “buy” in a research report dated Wednesday, December 21.
They set their price target on the stock at 45.00 Canadian dollars.
The report was published on the company’s website. Jefferies Financial Group revealed in a research note released on Wednesday, February 8, that they were increasing their price target for Spin Master from $46.00 to 47.00 Canadian dollars.
In a research note published on February 16, CIBC upgraded Spin Master from a “neutral” rating to an “outperform” rating, raising their price target on the stock from C$40.00 to C$41.00.
Both of these moves were made about the company’s stock. Stifel Nicolaus stated their intention to reduce their price objective for Spin Master from C$51.00 (Canadian) to C$48.00 in a research report that was made public on January 17.
In a research report on November 3, National Bankshares stated that the price target it had established for Spin Master had been reduced from C$57.00 to C$42.00.
The company’s rating was also changed from “outperform” to “sector perform.” There are a total of three market analysts who have given the stock a recommendation to buy, while there are a total of two who have given the stock a rating of hold.
The company has been rated “Moderate Buy” by the market as a whole, and the market has an average price objective of C$52.33, as indicated by the information obtained from Bloomberg.com.
The company just recently declared and distributed a quarterly dividend, which was paid out on January 13 of this year.
In addition, the company just recently announced and distributed a dividend. Shareholders on record as of the previous business day were eligible to receive dividend payments of $0.06 per share, which were distributed on January 13, Friday.
This translates into a dividend payment of 0.24 cents and a yield of 0.65 percent when calculated annually.
Thursday, December 29, was the day the dividend was disbursed; that day was also the month of December.
At the moment, the dividend payout ratio (DPR) for Spin Master is 6.28 percent.
It is the responsibility of Spin Master Corp.
This company specializes in providing entertainment for children, conceiving, designing, producing, acquiring licenses for, and marketing a wide variety of toys, entertainment properties, and online games in North America, Europe, and other countries. Spin Master Corp.’s product categories include plush toys, toys for early childhood education settings, dolls, interactive toys, wheels and action figures, and outdoor toys.
In addition to that, it offers a wide selection of hobbies, games, and puzzles to choose from.