Spin Master Corp. (TSE:TOY) Forecasted to Earn Q3 2024 Earnings of $1.73 Per Share

Spin Master Corp. (TSE:TOY) – Analysts at National Bank Financial dropped their Q3 2024 earnings per share estimates for Spin Master in a research note issued to investors on Monday, September 30th. National Bank Financial analyst A. Shine now forecasts that the company will post earnings per share of $1.73 for the quarter, down from their prior estimate of $1.97. National Bank Financial also issued estimates for Spin Master’s FY2024 earnings at $3.06 EPS and FY2025 earnings at $4.24 EPS.

TOY has been the subject of several other reports. TD Securities set a C$46.00 price target on Spin Master and gave the company a “buy” rating in a research report on Tuesday, September 24th. Royal Bank of Canada lifted their price target on Spin Master from C$46.00 to C$47.00 in a research report on Wednesday, July 24th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$44.63.

Spin Master Price Performance

Spin Master has a 12 month low of C$27.52 and a 12 month high of C$37.73. The stock has a market capitalization of C$1.09 billion, a PE ratio of 55.00, a price-to-earnings-growth ratio of 0.57 and a beta of 1.87. The company has a debt-to-equity ratio of 47.83, a quick ratio of 2.06 and a current ratio of 1.02. The business has a 50-day moving average price of C$31.27 and a 200-day moving average price of C$30.84.

Spin Master (TSE:TOY) last announced its quarterly earnings data on Tuesday, July 30th. The company reported C$0.12 earnings per share (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 firm had revenue of C$563.71 million during the quarter, compared to analysts’ expectations of C$583.31 million.

Insider Buying and Selling

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

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.